Ipsen Announces Its Corporate Agenda For 2020
December 19 2019 - 12:00PM
Business Wire
Regulatory News:
Ipsen (Euronext: IPN; ADR: IPSEY) announced today its
corporate agenda* for 2020:
13 February 2020:
Full year 2019 sales & results
22 April 2020:
First quarter 2020 sales
29 May 2020:
Annual Shareholders’ Meeting
5 June 2020:
Payment of 2019 dividend**
30 July 2020:
First half 2020 sales & results
22 October 2020:
First nine months 2020 sales
* This financial calendar is for indicative purposes only and
the Group could change its publication dates should it deem it
necessary ** Pending approval of the Board of Directors of 12
February 2020 and of the Annual Shareholders’ Meeting of 29 May
2020
About Ipsen Ipsen is a global specialty-driven
biopharmaceutical group focused on innovation and Specialty Care.
The group develops and commercializes innovative medicines in three
key therapeutic areas - Oncology, Neuroscience and Rare Diseases.
Its commitment to Oncology is exemplified through its growing
portfolio of key therapies for prostate cancer, neuroendocrine
tumors, renal cell carcinoma and pancreatic cancer. Ipsen also has
a well-established Consumer Healthcare business. With total sales
over €2.2billion in 2018, Ipsen sells more than 20 drugs in over
115 countries, with a direct commercial presence in more than 30
countries. Ipsen's R&D is focused on its innovative and
differentiated technological platforms located in the heart of the
leading biotechnological and life sciences hubs (Paris-Saclay,
France; Oxford, UK; Cambridge, US). The Group has about 5,700
employees worldwide. Ipsen is listed in Paris (Euronext: IPN) and
in the United States through a Sponsored Level I American
Depositary Receipt program (ADR: IPSEY). For more information on
Ipsen, visit www.ipsen.com.
Forward Looking Statement The forward-looking statements,
objectives and targets contained herein are based on the Group’s
management strategy, current views and assumptions. Such statements
involve known and unknown risks and uncertainties that may cause
actual results, performance or events to differ materially from
those anticipated herein. All of the above risks could affect the
Group’s future ability to achieve its financial targets, which were
set assuming reasonable macroeconomic conditions based on the
information available today. Use of the words "believes",
"anticipates" and "expects" and similar expressions are intended to
identify forward-looking statements, including the Group’s
expectations regarding future events, including regulatory filings
and determinations. Moreover, the targets described in this
document were prepared without taking into account external growth
assumptions and potential future acquisitions, which may alter
these parameters. These objectives are based on data and
assumptions regarded as reasonable by the Group. These targets
depend on conditions or facts likely to happen in the future, and
not exclusively on historical data. Actual results may depart
significantly from these targets given the occurrence of certain
risks and uncertainties, notably the fact that a promising product
in early development phase or clinical trial may end up never being
launched on the market or reaching its commercial targets, notably
for regulatory or competition reasons. The Group must face or might
face competition from generic products that might translate into a
loss of market share. Furthermore, the Research and Development
process involves several stages each of which involves the
substantial risk that the Group may fail to achieve its objectives
and be forced to abandon its efforts with regards to a product in
which it has invested significant sums. Therefore, the Group cannot
be certain that favorable results obtained during pre-clinical
trials will be confirmed subsequently during clinical trials, or
that the results of clinical trials will be sufficient to
demonstrate the safe and effective nature of the product concerned.
There can be no guarantees a product will receive the necessary
regulatory approvals or that the product will prove to be
commercially successful. If underlying assumptions prove inaccurate
or risks or uncertainties materialize, actual results may differ
materially from those set forth in the forward-looking statements.
Other risks and uncertainties include but are not limited to,
general industry conditions and competition; general economic
factors, including interest rate and currency exchange rate
fluctuations; the impact of pharmaceutical industry regulation and
health care legislation; global trends toward health care cost
containment; technological advances, new products and patents
attained by competitors; challenges inherent in new product
development, including obtaining regulatory approval; the Group's
ability to accurately predict future market conditions;
manufacturing difficulties or delays; financial instability of
international economies and sovereign risk; dependence on the
effectiveness of the Group’s patents and other protections for
innovative products; and the exposure to litigation, including
patent litigation, and/or regulatory actions. The Group also
depends on third parties to develop and market some of its products
which could potentially generate substantial royalties; these
partners could behave in such ways which could cause damage to the
Group’s activities and financial results. The Group cannot be
certain that its partners will fulfil their obligations. It might
be unable to obtain any benefit from those agreements. A default by
any of the Group’s partners could generate lower revenues than
expected. Such situations could have a negative impact on the
Group’s business, financial position or performance. The Group
expressly disclaims any obligation or undertaking to update or
revise any forward-looking statements, targets or estimates
contained in this press release to reflect any change in events,
conditions, assumptions or circumstances on which any such
statements are based, unless so required by applicable law. The
Group’s business is subject to the risk factors outlined in its
registration documents filed with the French Autorité des Marchés
Financiers. The risks and uncertainties set out are not exhaustive
and the reader is advised to refer to the Group’s 2018 Registration
Document available on its website (www.ipsen.com).
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