Liege, Belgium, 16 October 2019 – 7:30 CEST – Mithra (Euronext Brussels: MITRA), a company dedicated to Women’s Health today announces that its Phase III results for Estelle® will be presented at the 13th Annual Meeting of the European Society of Gynecology (ESG) taking place from 16-19 October 2019 in Vienna, Austria.
- Mithra grants an exclusive license for commercialization of vaginal contraceptive ring in China
- The introduction of a long acting contraceptive method represents a compelling new alternative for women in China
Liege, Belgium, 14 October 2019, 7:30 CEST – Mithra (Euronext Brussels: MITRA), a company dedicated to Women’s Health, today announces that it has entered into an exclusive license and commercialization agreement with Abbott for the registration and launch of its hormonal contraceptive ring Myring™ in China.
- Recruitment of the first patient marking the launch of “E4 Comfort” Phase III Clinical Program for Donesta® in menopausal women with vasomotor symptoms
- Phase III program includes two pivotal studies aimed at enrolling a total of 2200 women aged from 40 to 65 years
Liege, Belgium, 9 October 2019 – 7:30 CEST – Mithra (Euronext Brussels: MITRA), a company dedicated to Women’s Health, today announces the launch of the Donesta® Phase III clinical program called “E4 Comfort”, with the recruitment of the first patient for the North American Phase III study with E4 monotherapy. Donesta® is a next generation orally-administered E4-based hormone therapy product candidate for the relief of vasomotor menopausal symptoms (VMS).
Liege, Belgium, 3 October 2019 – 7 :30 CEST – Mithra (Euronext Brussels: MITRA), a company dedicated to Women’s Health today provides supplementary details related to the US deal with Mayne Pharma for Estelle®.
- Remaining payment obligations to Uteron Pharma reduced by 62% to EUR 250 million
- otal payment duration reduced by twelve years
- Substantial reduction of total debt under IFRS
- Significant cash flow improvement safeguarding the development of Estelle® and Donesta®
- Option for Mithra to pay EUR 40 million cash tranche in equity
Liege, Belgium, 1 October 2019 – 13:00 CEST – Mithra (Euronext Brussels: MITRA), a company dedicated to Women’s Health today announces that it has reached an agreement in the form of a binding term-sheet with the former owners of Uteron Pharma relating to the remaining payment obligations that Mithra has under the current earnout agreement. Former owners of Uteron Pharma, which housed the asset E4 (synthesis and contraception) before divestment to Mithra, include an important number of shareholders.
- Historical agreement with Mayne Pharma, who became the second largest supplier of oral contraceptives in the US after the acquisition of a portfolio of branded generic products from TEVA in 2016
- Record deal value for Estelle®. Potential gross revenues in Mithra’s worst-case scenario at a minimum of EUR 4,5 billion, which represents more than twice the size of European deal
- Mithra eligible for license fees of at least USD 295 million
- Mithra to be awarded 9.6% equity stake across two tranches in Mayne Pharma
- CDMO cross fertilization opportunities for both companies
- Strong revenue growth from continuing operations (+191%) with best first half-year EBITDA since IPO
- Cash position remains solid at EUR 77.5 million, key for further R&D development
- Confirmed unique safety profile of Mithra’s innovative contraceptive pill Estelle® following positive results in both Europe/Russia and United States/Canada. Filing with regulatory authorities planned by end of 2019
- Phase III E4 monotherapy study of Donesta® in menopause ready to start pending agency approvals
- Mithra grants exclusive license to Dexcel Pharma for commercialization of its two leading contraceptive products in Israel
- Dexcel Pharma is Israel’s largest private pharmaceutical company
- Production at the Mithra CDMO facility in Belgium
- Estelle®, Mithra’s oral contraceptive product candidate, has been granted a key patent for the dysmenorrhea indication in Japan, a four times larger market than the contraceptive one.
- Important milestone for the commercialization of Estelle® by Fuji Pharma in Japan and ASEAN, representing a total attractively priced market of EUR 400 million annual sales.
- Thanks to a solid Intellectual Property strategy, Estelle® will be protected from any generic competitor on the Japanese market until 2037 with a potential patent term extension of a maximum of 5 years.
Liege, Belgium, 08 August 2019 – 7 :30 CEST – Mithra (Euronext Brussels: MITRA), a company dedicated to Women’s Health today announces that it has received an additional patent for Estelle® in Japan in the dysmenorrhea indication. Estelle® is Mithra’s combined oral contraceptive (COC) candidate, composed of 15 mg Estetrol (E4) and 3 mg drospirenone (DRSP).
- Strengthening of management team with key appointments of Chief Scientific Officer and Plant Manager, to support the strategy execution of Mithra CDMO
- Consolidation of R&D and manufacturing teams with 30% increase in highly qualified staff since the beginning of the year
- Donesta® and PeriNesta® Phase III studies ready to begin, pending approval by authorities
- Launch of production of Estelle® clinical validation batches for both U.S. and EU filing
- Positive outcome of the registration procedure for Myring™, adding 15 new Market Authorizations in Europe
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