Page 10 - norgine-annual-report-2016
P. 10

Priority 1:                                                                                              MACROGOL 3350, SODIUM BICARBONATE,
                                                                                                                                         SODIUM CHLORIDE, POTASSIUM CHLORIDE
                                Achieve double digit growth                                                                        MOVICOL  maintained its leading position in Europe, generating more
                                                                                                                                            ®
                                                                                                                                   than €159 million in sales, despite generic competition (2015: €159
                                                                                                                                   million). Although MOVICOL  was launched 20 years ago it continues
                                                                                                                                                          ®
                                                                                                                                   to be the market leader in Europe in its class. Norgine remains focused
                                                                                                                                   on providing a product that is trusted by patients and prescribers.

                                                                                                                                   Norgine launched a new MOVICOL  formulation, MOVICOL  Ready to
                                                                                                                                                                ®
                                                                                                                                                                                   ®
                                                    Growing Norgine’s core products – MOVICOL , MOVIPREP  and                      Take (macrogol 3350, sodium hydrogen carbonate, sodium carbonate,
                                                                                         ®
                                                                                                    ®
                                                    XIFAXAN , and raising the profile and reach of its other products is           potassium chloride) that offers patients a discrete and convenient way
                                                            ®
                                                                                                                                                             ®
                                                    central to delivering on Norgine’s goal to achieve double digit growth.        to take their laxative. MOVICOL Ready to Take is a ready mixed,
                                                    While total sales growth, net of divestments, was short of the long            pocket size dose that can be easily incorporated into daily life. The   Norgine progressed with the launch of
                                                                                                                                                                                                                ®
                                                    term target of sustained double digit growth, the progress made with           product was launched in Germany and the UK.                 ENDOCUFF VISION  to ensure its availability
                                                    Norgine’s newer products sets the stage for attaining this objective                                                                       in all of Norgine’s markets – Australia and
                                                                                                                                                                                               New Zealand, Austria, Belgium, Finland,
                                                    in 2020.
                                                                                                                                                                                               France, Denmark, Germany, Italy, Ireland,
                                                                                                                                                                                               Netherlands, New Zealand, Norway, Portugal,
                                                                                                                                                                        ®
                                                                             Product Sales (€million)                              Norgine’s second largest product, MOVIPREP  generated sales   Spain, Sweden, Switzerland and the UK.
                                                                                                                                   in 2016 of €53.5 million, a 5% growth over 2015 (€51 million).
                                                                                                  Growth
                                    Product          Indication          2015         2016                                                                                                     The use of improved visualisation techniques
                                                                                                                                             ®
                                                                                                  in 2016                          MOVIPREP  is currently available in Europe and Australia through
                                                                                                                                                                                                                                  ®
                                                                                                                                   Norgine’s own infrastructure and in the US, India, Japan, Russia   using devices such as ENDOCUFF VISION
                Maximise the       MOVICOL  ®        Constipation         159          159           0%                                                                                        is fundamental to help improve colorectal
                growth of our                                                                                                      and Canada via partners.
               core products       MOVIPREP ®      Bowel preparation      51            54           5%                                                                                        cancer detection as it enables better detection
                                                                                                                                                                                               of adenomas and polyps that ultimately
                                                  Travellers diarrhoea                                                                                                                         will improve patients’ outcomes and save
                                    XIFAXAN ®         and hepatic         34            41          21%
                                                    encephalopathy                                                                                                                             healthcare systems resources.
                                                                                                                                   XIFAXAN  continued to be the key growth driver, with sales of
                                                                                                                                           ®
                                                                                                                                                                                               ENDOCUFF VISION  is a single-use
                                                                                                                                                                                                                ®
                                                                                                                                   €41.3 million in 2016, an increase of 21% (2015: €34 million).
            On a like-for-like basis at constant                                                                                                                                               endoscopic overtube which fits onto the
                                                                                                                                                                                               distal end of an endoscope.
                                                                                                                                           ®
            exchange rates, underlying revenue                                                                                     XIFAXAN  550  is now reimbursed in most Norgine territories. In 2016,
            growth was 6.8%.                                                                                                       it was granted reimbursement status by the Ministry of Health in the
                                                                                                                                                                                               In 2015, Norgine acquired 70% of Arc
                                                                                                                                   Netherlands, Ministry van Volksgezondheid, Welzijn en Sport, when
                                                                                                                                                                                               Medical Design Ltd, the developer of
                                                                                                                                   added to lactulose, for prophylaxis of the 3rd and following episodes
                                                                                                                                                                                               ENDOCUFF VISION .
                                                                                                                                                                                                               ®
                                                                                                                                   of overt hepatic encephalopathy in patients ≥ 18 years.
                                                                                                                                   Recent data, the IMPRESS study, further demonstrated the value
                                                                                                                                   that XIFAXAN 550mg can bring to patients suffering from hepatic
                                                                                                                                              ®
                                                                                                                                   encephalopathy and to healthcare systems overall. The study showed
                                                                                                                                   that XIFAXAN  550mg reduces the recurrence of episodes of hepatic
                                                                                                                                              ®
                                                                                                                                   encephalopathy, therefore decreasing the number of hospitalisations
                                                                                                                                   for patients. This in turn means lower costs for hospital admissions
                                                                                                                                   and bed occupancy.






       9                                                                                                                                                                                                                                10
   5   6   7   8   9   10   11   12   13   14   15