Swedish Orphan Biovitrum AB (publ)

December 01, 2011 06:45 ET

Swedish Orphan Biovitrum: Correction of previous press release

STOCKHOLM, SWEDEN--(Marketwire - Dec 1, 2011) - In the English version of the press release "Sobi holds Capital Markets Seminar" dated 29 November, 2011, the gross margin for the Specialty Distribution Portfolio was incorrectly stated as < 40%. The correct figure is < 50%, see table below. The Swedish version of the press release was correct.


+--------------------------------+--------+------+---------------+
|Product area                    |Revenues|Growth|Gross margin, %|
+--------------------------------+--------+------+---------------+
|ReFacto®                        |     608|   34%|          > 60%|
+--------------------------------+--------+------+---------------+
|Core Products                   |     803|    6%|           ~60%|
+--------------------------------+--------+------+---------------+
|Specialty Distribution Portfolio|     459|    8%|          < 50%|
+--------------------------------+--------+------+---------------+


Revenues are rolling 12 months as of 30 September 2011 in reported exchange rates, adjusted for discontinued products. Growth figures are based on YTD 9 months 2011, adjusted for currency and discontinued products.


Swedish Orphan Biovitrum (Sobi)

Sobi is a leading integrated biopharmaceutical company dedicated to bringing innovative therapies and services to improve the health of rare disease patients and their families. The product portfolio comprises about 60 marketed products as well as projects in the late clinical phase. Key therapeutic areas are Inflammation and Genetics & Metabolism. In 2010 Sobi had revenues of SEK 1.9 billion and around 500 employees. The share (STO: SOBI) is listed on OMX NASDAQ Stockholm. More information is available atwww.sobi.com.


The information above has been published pursuant to the Swedish Securities Market Act and/or the Financial Instruments Trading Act. The information was released for public distribution on 1 December 2011 at 12.30 CET.


Press release correction Dec 1, 2011: http://hugin.info/134557/R/1568101/487320.pdf


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Source: Swedish Orphan Biovitrum AB (publ) via Thomson Reuters ONE

[HUG#1568101]

Contact Information

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    Asa Stenqvist
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