Knight Therapeutics Inc. Celebrates its First Decade of Success

MONTREAL, Feb. 28, 2024 (GLOBE NEWSWIRE) -- Knight Therapeutics Inc. (TSX: GUD) ("Knight"), a pan-American (ex-USA) specialty pharmaceutical company, announced today that it is marking its 10-year anniversary, and celebrating a decade of expansion and growth.

Since its inception on February 28, 2014, Knight has delivered significant milestones and made progress on its strategy of building a profitable pan-American (ex US) company commercializing both innovative and branded generic pharmaceuticals products and talented people.

Key Accomplishments:

1. Built a Unique Platform in Canada & Latin America
   
   Knight has invested over $925 million to build its unique pan-American (ex US) platform of innovative and branded generic pharmaceuticals. Today, Knight has over 700 talented employees operating in Canada and 10 Latin American markets. Knight is a fully integrated company with capabilities spanning regulatory, quality, pharmacovigilance, compliance, medical, market access, marketing, sales and supply chain in all 11 countries, as well as branded generic development and manufacturing capabilities in Argentina.
   
   
2. Delivered Profitable Growth
   
   Knight has delivered consecutive years of record revenues since 2014 and EBITDA since 2019. As at Q3-23, Knight delivered trailing twelve months revenue of over $335 million and adjusted EBITDA of over $61 million representing a respective CAGR of 22.7% and 20.7% since the 100% acquisition of Grupo Biotoscana in 2020.
   
   
3. Partner of Choice
   
   Knight has a platform which offers a one-stop-shop solution for biotech and pharmaceutical companies seeking a commercialization partner in our 11 territories. Since the completion of the acquisition of Biotoscana, Knight has entered into 11 new partnerships for 13 innovative and branded generic products.
   
   
4. Strong Pipeline Expected to Deliver Over $120 Million in Peak Revenues
   
   Knight has assembled a strong pipeline across our territories of 17 products which include products in early launch or in various stages of development. The products are projected to be launched by 2028 and Knight has advanced the pipeline with the submission of 8 of these products for regulatory approval in at least one country.

When reflecting on Knight’s accomplishments since founding, Jonathan Ross Goodman, Knight’s Executive Chairman, said “We are doing exactly what we said we would do in 2014 – we built a fabulous pharmaceutical company with talented motivated Knights delivering pharmaceuticals to Canadians and Latin Americans. During these 10 years, we have generated $379 million¹ and we will continue to strengthen on our platform and bring shareholder value.”