Clinigen Group, the global specialty pharmaceutical products and
services business, today announced the integration of Keats Healthcare,
a company acquired in 2010, and outlined the group’s ambitious growth
projections for the next three years.
Effective immediately, Keats Healthcare will become known as Clinigen
CTS and will be a dedicated Clinigen unit focused on sourcing and
supplying drugs for exclusive use in pharmaceutical customers’ clinical
studies. “Since the acquisition, we have clearly benefited from our
alignment with the Clinigen brand,” said Steven Campbell, vice-president
of Clinigen CTS. “Our expertise lies in the supply of comparator and
supportive drugs and we look forward to continuing this important work
as part of the broader Clinigen Group.”
The consolidation of Keats and its rebranding to Clinigen CTS reflects
Clinigen’s strategy of building a group of complementary businesses.
Clinigen CTS and Clinigen GAP, a provider of global access programs,
together make up Clinigen’s services division, led by Shaun Chilton, who
was appointed chief operating officer in January 2012.
“While providing standalone services, the Clinigen GAP and Clinigen CTS
teams have learnt that they can support each other,” said Mr Chilton.
“Clinical trial aftercare is often managed through compassionate use or
named patient programs. This is where Clinigen GAP can take over from
the work of Clinigen CTS, guaranteeing that patients will continue to
receive the treatments they need.”
The consolidated Clinigen Group is structured to drive robust growth
from both products and services. In 2011, Clinigen CTS accounted for
two-thirds of Clinigen Group’s sales. Over the next three years,
Clinigen GAP and Clinigen Healthcare, a pharmaceutical products company,
are expected to make a bigger contribution to the group’s overall sales.
Clinigen Healthcare acquired Foscavir (foscarnet sodium) from
AstraZeneca in 2010, seeing sales grow six-fold in 2011. By introducing
Foscavir into new territories and securing new licensed indications for
the product, Clinigen expects sales of the antiviral to more than double
again by the end of the current financial year.
Clinigen hopes to make three additional product acquisitions by 2015 to
create a portfolio of drugs generating around £35 million of annual
revenue. The firm is in discussions with top 50 pharmaceutical companies
looking to divest off-patent mature assets.
Clinigen GAP generated £1.9 million last year, but new programs are
expected to triple this figure in 2012. Mark Corbett, Clinigen GAP’s
global strategic planning director, said: “Global access programs have
longer lead times than other pharmaceutical service agreements, but some
of the discussions we’ve been having with companies have come to
fruition. In addition, some of these have turned into conversations
about potential product disposals, allowing us to pass on opportunities
to Clinigen Healthcare.”
Peter George, chief executive of Clinigen Group, stated: “Creating a
consolidated organisational structure is a core part of Clinigen’s
ambitious five-year business plan to deliver four-fold sales and
six-fold profit growth. Two years in, we are well on target.”
About Clinigen
Clinigen Group was formed by merger in 2010 to create a specialty
pharmaceutical and pharmaceutical services company focused on getting
medicines to physicians and their patients. The merger brought together
three companies: Clinigen CTS (formerly Keats Healthcare) and Clinigen
GAP, which make up Clinigen’s services division, and Clinigen
Healthcare, the group’s products business.
Clinigen Group is headquartered in Burton-on-Trent, UK, with offices in
Philadelphia, US, and Tokyo, Japan.
For more information visit Clinigen’s new website: .

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