PharmaMar is committed to oncology research. The Spanish pharmaceutical company invested €48 million in oncology research in 2022, a figure that represented an increase of 23.3% compared to the previous year. Furthermore, the firm has confirmed that the company has one of the highest investment ratios per employee in Europe, with €172,000 per employee per year.
Currently, the pharmaceutical company participates in the area of oncology with thirteen clinical trials that are in different phases and states, working with different molecules and different types of cancer. Specifically, the company has highlighted the ‘Lagoon’ phase III confirmatory trial, aimed at small-cell lung cancer.
Luis Mora, director of the oncology, virology, and genetic identity units at PharmaMar, has assured that “almost half of the income obtained throughout the year is reinvested in research, which places us as one of the Spanish companies that most “We invest in R&D in relation to their sales.” The manager added that “our goal is to be able to offer patients with unmet medical needs a therapeutic alternative, and we can only make this milestone a reality through research.”
Read more about PharmaMar and find the latest business news of the day with our companion app Born2Invest.
PharmaMar has achieved a 37% success rate in its research, with three drugs approved
The company has confirmed that, as a result of its commitment to R&D in oncology, it has achieved a success rate of 37% in its research, compared to the 10% average recorded in the pharmaceutical sector. Specifically, of the eight compounds developed in clinical trials, the company has obtained approval for three drugs from different drug agencies.
Two weeks ago, the Spanish pharmaceutical company informed the National Securities Market Commission (CNMV) that it had raised its treasury shares to 2.54% of the group’s capital, which represents a historical maximum since there are records. The acquisition will affect a maximum of 540,000 shares, which represent approximately 2.94% of the company’s share capital, and its maximum monetary amount amounts to €15 million.
PharmaMar is the direct owner of 100% of the share capital of Sylentis and Genómica. Currently, both hold 284 shares and 115 shares of PharmaMar, respectively. The biopharmaceutical company closed the first half of 2023 with a net profit of €6.4 million, compared to €34.9 million in the same period of the previous year, which translates into a decrease of 82%.
DISCLAIMER: This article was written by a third party contributor and does not reflect the opinion of Born2Invest, its management, staff or its associates. Please review our disclaimer for more information.
This article may include forward-looking statements. These forward-looking statements generally are identified by the words “believe,” “project,” “estimate,” “become,” “plan,” “will,” and similar expressions. These forward-looking statements involve known and unknown risks as well as uncertainties, including those discussed in the following cautionary statements and elsewhere in this article and on this site. Although the Company may believe that its expectations are based on reasonable assumptions, the actual results that the Company may achieve may differ materially from any forward-looking statements, which reflect the opinions of the management of the Company only as of the date hereof. Additionally, please make sure to read these important disclosures.
First published in PlantaDoce. A third-party contributor translated and adapted the article from the original. In case of discrepancy, the original will prevail.
Although we made reasonable efforts to provide accurate translations, some parts may be incorrect. Born2Invest assumes no responsibility for errors, omissions or ambiguities in the translations provided on this website. Any person or entity relying on translated content does so at their own risk. Born2Invest is not responsible for losses caused by such reliance on the accuracy or reliability of translated information. If you wish to report an error or inaccuracy in the translation, we encourage you to contact us.
The TopRanked.io Weekly Digest: What’s Hot in Affiliate Marketing [++ KuCoin Affiliate Program Review]
This week, we answer the two questions on everyone’s lips — What do SJWs and e/accs have in common? And...
BIPV Boom: By 2032, Building Integrated Photovoltaics Will Be Worth Over $143B
The next moves by the European Commission and the trend toward a real estate stock composed of Zero Emission Buildings...
French Fintech Company Qonto Launches SME Financing in Italy
Qonto is expanding its financial solutions for SMEs and professionals in Europe, launching the option for companies in Italy to...
Trusters and Leone Investments Finally Receive Approval Under EU Regulation
After almost a month under the new EU Regulation, two platforms, including the historic Trusters launched in 2018 and the...
Coinbase Wallet Has a New Feature: Send Crypto via Web Link
The exciting part is actually in the small print: This is because Coinbase covers the fees for transactions via stablecoin...