Rafa Laboratories LTD. (“Rafa”) and ExCEEd Orphan s.r.o (“ExCEEd”) announced today a strategic collaboration for medicines addressing rare diseases in Central and Eastern Europe (“CEE”) and Israel.
JERUSALEM and PRAGUE, Czech Republic, Aug. 1, 2022 /PRNewswire/ -- Rafa Laboratories LTD. (“Rafa”) and ExCEEd Orphan s.r.o (“ExCEEd”) announced today a strategic collaboration for medicines addressing rare diseases in Central and Eastern Europe (“CEE”) and Israel. Under the agreement, and as part of its strategy to become an international player, Rafa will invest in ExCEEd an undisclosed amount that shall enable it to strengthen its market access capabilities in the region and move closer to fulfilling its vision to become a leading player in this important mission of pioneering access to patients with rare diseases. Furthermore, the parties shall collaborate on bringing new medicines for rare diseases to both the CEE and Israel. The worldwide orphan drug market is growing over twice as fast as the non-orphan market, with expected 2021-2026 CAGR of 12%. By 2026, global orphan drug sales are expected to reach $273b and account for 20% of all prescription drug sales1. With a CEE population of approximately 120 million2, a pharmaceutical market value of $24.7b in 20203 and growing economies, the demand in CEE for solutions to rare diseases is increasing, while the number of medicines currently available in this region is considerably lower than in the rest of Europe. A strong vote of confidence in ExCEEd is demonstrated by agreements signed within the last 15 months with leading innovative pharma companies, among them Amryt, Mirum and SERB. These collaborative agreements have laid a sturdy foundation for future alliances in this arena. Jiri Hermanek, Chief Executive Officer and co-founder of ExCEEd Orphan commented: “The agreement with Rafa heralds a new chapter in ExCEEd’s journey to facilitate access to medicines developed for rare diseases, giving hope to vulnerable patients in-need in CEE countries. As a full-fledged pharmaceutical company, Rafa’s profound understanding, network and experience, make its investment of strategic significance for us.” Amir Levin, Chief Executive Officer of Rafa said: “We are excited about the partnership with ExCEEd, which shall allow us to hurdle some of the challenges entailed with expanding into this important niche of rare diseases in new territories. This collaboration is well aligned with Rafa’s vision to become an international player and it further highlights our determination and ceaseless pursuit for meaningful strides towards that goal.” About ExCEEd ExCEEd contact: About Rafa
Photo - https://mma.prnewswire.com/media/1870095/ExCEEd_Orphan_Rafa.jpg Rafa contact: View original content to download multimedia:https://www.prnewswire.com/news-releases/rafa-laboratories-to-acquire-a-significant-stake-in-exceed-orphan-and-expand-its-international-capabilities-in-medicines-addressing-rare-diseases-301596995.html SOURCE Rafa; ExCEEd Orphan |