EQS-News: Formycon AG / Key word(s): Miscellaneous
Formycon to be included in the TecDAX of the German Stock Exchange
09.01.2025 / 15:30 CET/CEST
The issuer is solely responsible for the content of this announcement.
Press release // January 09, 2025
Formycon to be included in the TecDAX of Deutsche Börse
Formycon will be one of the top 30 listed technology stocks in future
Uplisting to the Prime Standard, promotion to the SDAX and successful business development boost the share's attractiveness
Inclusion in the TecDAX effective from January 13, 2025
Planegg-Martinsried - Formycon AG (FWB: FYB, Prime Standard, "Formycon") will be officially included in the TecDAX of Deutsche Börse as of January 13, 2025. This decision was announced today as part of an unscheduled index adjustment by Deutsche Börse. With its inclusion in the TecDAX, Formycon is one of the 30 largest listed technology companies in Germany - based on free float market capitalization and trading volume.
"We are extremely pleased that Formycon will now also be represented in the TecDAX just three weeks after its promotion to the SDAX. This milestone strengthens our position on the capital market and increases our visibility as one of the most important German technology stocks. Inclusion in these leading share indices underlines the success of our capital market strategy. Above all, however, it is an indicator of the outstanding performance that the entire Formycon team delivers every day as part of our successful growth strategy as a leading pure-play developer of biosimilars," says Enno Spillner, CFO of Formycon AG.
Since its initial listing in 2010, Formycon has consistently aligned itself with the requirements of the capital market and thus created a prerequisite for the extraordinarily positive business development in recent years and for the successful inclusion in the Prime Standard of Deutsche Börse in November 2024.
About Formycon:
Formycon AG (FWB: FYB) is a leading independent developer of high-quality biosimilars, follow-on products of biopharmaceutical drugs. The company focuses on therapies in ophthalmology, immunology, immuno-oncology and other important indication areas and covers almost the entire value chain from technical development and clinical trials to submission and regulatory approval. Formycon relies on strong, trustworthy and long-term partnerships worldwide for the commercialization of its biosimilars. With FYB201/Ranibizumab, Formycon already has a biosimilar on the market in Europe and the USA. Two further biosimilars, FYB202/Ustekinumab and FYB203/Aflibercept, have been approved by the FDA; FYB202 has also been approved in Europe and Canada. Three further biosimilar candidates are currently in development. With its biosimilars, Formycon is making an important contribution to giving as many patients as possible access to highly effective and affordable medicines.
Formycon AG is listed in the Prime Standard of the Frankfurt Stock Exchange: FYB / ISIN: DE000A1EWVY8 / WKN: A1EWVY and has been included in the SDAX selection index since December 2024. Further information can be found at: www.formycon.com
About biosimilars:
Since their introduction in the 1980s, biopharmaceutical drugs have revolutionized the treatment of serious and chronic diseases. By 2032, many of these drugs will lose their patent protection - including 45 blockbusters with an estimated total annual global turnover of more than 200 billion US dollars. Biosimilars are successor products to biopharmaceutical drugs for which market exclusivity has expired. They are approved in highly regulated markets such as the EU, the USA, Canada, Japan and Australia in accordance with strict regulatory procedures. Biosimilars create competition and thus give more patients access to biopharmaceutical therapies. At the same time, they reduce costs for healthcare providers. Global sales of biosimilars currently amount to around 21 billion US dollars. Analysts assume that sales could rise to over 74 billion US dollars by 2030.
Contact:
Sabrina Müller
Director Investor Relations & Corporate Communications
Formycon AG
Fraunhoferstr. 15
82152 Planegg-Martinsried
Germany
Phone: +49 (0) 89 - 86 46 67 149
Fax: + 49 (0) 89 - 86 46 67 110
Mail: sabrina.mueller@formycon.com
Disclaimer:
This release may contain forward-looking statements and information that are based on our current expectations and certain assumptions. Formycon AG assumes no obligation to update these forward-looking statements or to correct them in the event of developments that differ from those anticipated. This document does not constitute an invitation to buy or sell Formycon shares. Furthermore, the company does not intend to offer Formycon shares to the public with this publication. This document and the information contained herein are not for distribution in the United States, Canada, Australia, Japan or any other jurisdiction in which the solicitation of an offer to buy or sell shares is prohibited. This publication is expressly not an invitation to purchase shares in the USA.