Last €14.63 EUR
Change Today -0.69 / -4.52%
Volume 54.7K
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As of 3:35 PM 01/30/15 All times are local (Market data is delayed by at least 15 minutes).

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01/30/15 - €16.03
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formycon ag (FYB) Details

Formycon AG, a biopharmaceutical company, develops and markets biosimilar products. The company was formerly known as Nanohale AG and changed its name to Formycon AG in 2012. Formycon AG was founded in 1999 and is based in Planegg, Germany.

Founded in 1999

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formycon ag (FYB) Key Developments

Formycon AG Reports Earnings Results for the First Half of 2014; Provides EBITDA Outlook for the full year 2014

Formycon AG reported earnings results for the first half of 2014. In the first half of 2014, the company recorded a turnover of €7.4 million against €0.2 million reported last year. This increase is substantially due to the high revenues achieved as a result of the above mentioned licence agreement and the resulting development alliance. The company's EBITDA amounted to €2.6 million in the first half of 2014 against negative €3.5 million reported last year. Overall, the company expects to achieve positive EBITDA for the business year 2014.

Formycon AG Presents at German Equity Forum 2014, Nov-26-2014 09:30 AM

Formycon AG Presents at German Equity Forum 2014, Nov-26-2014 09:30 AM. Venue: Frankfurt, Germany. Speakers: Carsten Brockmeyer, Chief Executive Officer and Member of Executive Board, Nicolas Combé, Co-Founder, Chief Financial Officer and Member of Executive Board.

Formycon AG Commences Development of its Third Product

Formycon announced that the development of its third product has now commenced, which like its first two products aims to replicate an established biopharmaceutical drug. These products will be part of the so-called 'third wave' of biosimilars, referring to the major, multi-billion-dollar blockbuster drugs created through biotechnology for indications in the areas of ophthalmology, autoimmune disease, and metabolic and blood clotting disorders for which patent protection will expire beginning in 2020. Formycon AG has already licensed out the first of the third-wave biosimilar candidates which it has developed to Santo Holding GmbH (Bioeq GmbH) and is currently in discussions for the out-licensing of further product candidates.


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