EQS-News

Biotest increased sales by 83.6% to Euro 215.2 million in first quarter 2024 - Seite 2

The financial result for the first quarter of the current year deteriorated by € -1.4 million to € -10.7 million (prior-year period: € -9.3 million).

The Biotest Group's earnings after taxes improved to € 29.5 million in the first quarter of 2024 after € -20.4 million in the same quarter of the previous year due to the influencing factors described above. This results in earnings per ordinary share of € 0.74 after € -0.53 in the same period of the previous year.

One component of Biotest’s strategy is the continuous expansion of the company’s own plasma collection network in Europe. This is intended to ensure a sufficient supply of human blood plasma, the most important raw material for Biotest’s preparations. By the end of the first quarter of 2024, Biotest operated 37 plasma collection centres in Germany, Hungary and the Czech Republic. The opening of further plasma centres is planned for 2024. Another plasma collection centre was thus opened in Germany in April 2024. In addition, Biotest is participating financially in the establishment of further plasma centers with partners.

Following the approval of Yimmugo in Germany, Austria and the United Kingdom, Biotest is seeking approval for the attractive US target market. The approval process is already well advanced. In September 2023, the US Food and Drug Administration (FDA) informed Biotest that it accepted the Biologics License Application for Yimmugo with the indication Primary Immunodeficiencies for review. The FDA inspection of the Biotest Next Level facility took place in December 2023. Further steps to obtain the Biologics License Application for Yimmugo will be taken in the course of 2024.

With Fibrinogen concentrate and Trimodulin, two further new plasma proteins are in advanced development. Biotest successfully completed the Phase III trials for the use of Fibrinogen concentrate in the indications of congenital and acquired fibrinogen deficiency in February 2024, which represents an important milestone for the Biotest Next Level project at the Dreieich site. The first applications for marketing authorization are planned in the important markets in Europe and the USA.