Crucell Awarded Contracts of Over $230 Million for Quinvaxem(TM) and
Hepavax-Gene® Vaccines
PRESS RELEASE
Crucell Awarded Contracts of Over $230 Million for Quinvaxem(TM) and
Hepavax-Gene® Vaccines
Leiden, The Netherlands, December 1, 2006 - Dutch biotechnology
company Crucell N.V. (Euronext, NASDAQ: CRXL; Swiss Exchange: CRX)
announced today that it has been awarded contracts totaling over US
$230 million for its Quinvaxem(TM) and Hepavax-Gene® paediatric
vaccines by supranational organizations. The contracts cover the next
three years until 2009, with the awarded amount growing over those
three years.
Following the WHO prequalification in September 2006 the combination
vaccine was made available to supranational purchasing organizations.
Supranational organizations are major customers for combination
vaccines, which are used in large vaccination programs in developing
countries.
Quinvaxem(TM), a fully-liquid pentavalent vaccine for children, was
co-developed with Novartis Vaccines and Diagnostics and is produced
in Crucell's laboratories in South Korea. The vaccine combines
antigens for protection against five important childhood diseases:
diphtheria, tetanus, pertussis (whooping cough), hepatitis B and
Haemophilus influenzae type b, one of the leading causes of bacterial
meningitis and pneumonia in children.
Current demand for the Quinvaxem® vaccine exceeds 50 million doses.
The total market potential is 150 million doses per year in 3 to 4
years.
The Hepavax-Gene®, recombinant hepatitis B vaccine, is one of the
WHO's pre-qualified vaccines for active immunization against the
hepatitis B virus. Young children infected with HBV are the most
likely to develop chronic infections. Hepavax-Gene® was
internationally introduced in 1996 and has become one of today's
major hepatitis B vaccines supplied to more than 90 countries.
"The multiple year contracts that the supranational organizations
have granted to Crucell, underline Crucell's position as a leading
supplier of important vaccines. Quinvaxem(TM) is the first
internationally available fully-liquid vaccine containing these five
life saving antigens and it will make a significant contribution to
children's vaccination programs in the developing world," stated
Crucell's CEO, Dr Ronald H.P. Brus. "Quinvaxem(TM) will be an
important contributor to the Company's 2006 total revenues, estimated
between EUR 140 million - EUR 150 million and its aim to achieve cash
break-even in 2007."
About Crucell
Crucell N.V. (Euronext, NASDAQ: CRXL; Swiss Exchange: CRX) is a
biotechnology company focused on research, development and worldwide
marketing of vaccines and antibodies that prevent and treat
infectious diseases. Its vaccines are sold in public and private
markets worldwide. Crucell's core portfolio includes a vaccine
against hepatitis B, a fully-liquid vaccine against five important
childhood diseases, and a virosome-adjuvanted vaccine against
influenza. Crucell also markets travel vaccines, such as the only
oral anti-typhoid vaccine, an oral cholera vaccine and the only
aluminum-free hepatitis A vaccine on the market. The Company has a
broad development pipeline, with several Crucell products based on
its unique PER.C6® production technology. The Company licenses this
and other technologies to the biopharmaceutical industry. Important
partners and licensees include DSM Biologics, sanofi aventis, GSK and
Merck & Co. Crucell is headquartered in Leiden (the Netherlands),
with subsidiaries in Switzerland, Spain, Italy, Korea and the US. The
Company employs about 900 people. For more information, please visit
www.crucell.com.
Forward-looking statements
This press release contains forward-looking statements that involve
inherent risks and uncertainties. We have identified certain
important factors that may cause actual results to differ materially
from those contained in such forward-looking statements. For
information relating to these factors please refer to our Form 20-F,
as filed with the U.S. Securities and Exchange Commission on July 6,
2006, and the section entitled "Risk Factors". The Company prepares
its financial statements under generally accepted accounting
principles in the United States (US GAAP) and Europe (IFRS).
For further information please contact:
Crucell N.V.
Leonard Kruimer
Chief Financial Officer
Tel. +31 (0)71 524 8722
l.kruimer@crucell.com
Paul Vermeij
Director Investor Relations and Corporate Communications
Tel. +31 (0)71 524 8718
p.vermeij@crucell.com
For Crucell in the US:
Redington, Inc.
Thomas Redington
Tel. +1 212-926-1733
tredington@redingtoninc.com