News from Karo Pharma

16 November, 2020

Karo Pharma AB divests its Hospital Supply business, Swereco AB, to J2L Holding AB

As previously announced, Karo Pharma AB (“Karo Pharma”) has carried out a strategic evaluation of the Hospital Supply business unit, Swereco AB (“Swereco”), during the year, where a possible scenario involved a divestment. This process has now been concluded.

30 October, 2020

Karo Pharma publishes third-quarter report 2020 and resolves on sale of own shares

Q3, July – September Net sales amounted to MSEK 679.1 (443.7). This corresponds to an increase of 53% for the period. Following very strong growth in the first quarter the organic growth during the third quarter was -10% which follows the same pattern as during the second quarter of the year. The currency impact in...

21 July, 2020

Second-quarter report 2020

Q2, April – June Net sales amounted to MSEK 688.9 (387.4). This corresponds to an increase of 78% for the period. The organic growth during the second quarter was -10%, currency impact 0% and 88% relates to the acquisition of Trimb in 2019 and the acquired product portfolios Proct® from Leo Pharma and Pevaryl® from...

25 May, 2020

ANNUAL GENERAL MEETING 2020 IN KARO PHARMA AKTIEBOLAG

At today’s annual general meeting of Karo Pharma, the following decisions were passed. The annual general meeting resolved to adopt the income statement and balance sheet for the group and the parent company. The annual general meeting resolved that available funds, including the earnings for the year, were to be carried forward. The annual general...

8 May, 2020

Karo Pharma acquires Pevaryl® brand portfolio from Cilag GmbH International, an affiliate of Johnson & Johnson

Karo Pharma Aktiebolag (“Karo Pharma”) today announces the signing and closing of the acquisition of the remaining European rights to the Pevaryl® brand portfolio from Cilag GmbH International, one of the Janssen Pharmaceutical Companies of Johnson & Johnson, for 58 MEUR. The transaction consolidates the ownership of the Pevaryl® brand portfolio, comprised of Pevaryl®, Epi-Pevaryl®,...

29 April, 2020

Interim report Q1 2020

January – March Net sales amounted to MSEK 793.6 (420.8). This corresponds to an increase of 89% for the period. The organic growth during the first quarter was 27%, currency impact -1% and 63% relates to the acquisition of Trimb in 2019 and the product portfolio acquired from Leo Pharma (see below). EBIT amounted to...

1 April, 2020

Karo Pharma enters the Swiss market with direct presence by acquiring Hygis SA

Karo Pharma AB (Karo) has today acquired Hygis SA (Hygis), a Swiss distributing company with exclusive distribution rights to Karo’s brands MultiGyn and MultiMam. Hygis operations is limited to the distribution of these brands and by the acquisition Karo gains control over the direct sales of its brands. Karo expects to reach an annual net...

1 April, 2020

Karo Pharma publishes the 2019 annual report

Today, on 1 April 2020, Karo Pharma is publishing its annual report for 2019 on the company’s website, www.karopharma.com. FOR ADDITIONAL INFORMATION, PLEASE CONTACT: Jon Johnsson, CFO, +46 735 078 861, jon.johnsson@karopharma.com ABOUT KARO PHARMA Karo Pharma specialises in the sales and marketing of prescription drugs and over the counter products for everyday healthcare. Karo...

27 March, 2020

Karo Pharma postpones the Annual General Meeting to 25 May, 2020

The board of directors of Karo Pharma Aktiebolag (”Karo Pharma”) has resolved to postpone the Annual General Meeting to 25 May, 2020. The previously communicated date for the meeting was 29 April 2020. The delay is due to the increased concern of the spread of COVID-19 with the related safety of the participants. A notice...

2 March, 2020

Karo Pharma completes the acquisition of product portfolio from LEO Pharma

Karo Pharma Aktiebolag (“Karo Pharma”) today announces that the acquisition of the intimate care and dermatology product portfolio from LEO Pharma for 90 MEUR, which was signed and announced by Karo Pharma on 23 December 2019 and approved by relevant competition authorities on 20 February 2020, has been completed.

19 February, 2020

Year-end report 2019

OCTOBER – DECEMBER · Net sales amounted to MSEK 649.3 (463.3). This corresponds to an increase of 40% for the period. The organic growth during the fourth quarter was -4 %, currency impact 2 % and 42 % refers to the acquisition of Trimb. · Adjusted EBITDA* amounted to MSEK 151.4 (165.4) excluding non-recurring items,...

4 February, 2020

Termination of Karo agreement with Pfizer

Karo Pharma AB (“Karo”) has been informed by Pfizer Inc. (“Pfizer”) about its decision to terminate the Research Collaboration and License Agreement, which the two companies entered in December 2011. Following the wind-down of this agreement, there will be no active collaboration agreements between the two companies. This information follows Pfizer’s decision to terminate a...