Hovione Announces Partnership to Support Manufacturing of Antiviral Veklury® for COVID-19

Lisbon, Portugal (ots/PRNewswire) - Hovione today announced the signing of a partnership agreement with Ligand to significantly ramp up the production output of Captisol®. Captisol®, a Ligand product, is a chemically modified cyclodextrin proven to improve the solubility and stability of drugs. It is used in the formulation of Gilead's COVID-19 treatment Veklury® (remdesivir). Hovione is the sole producer of this key enabling excipient.

The COVID-19 pandemic has to date killed one million people; studies show that in the next 3 months cumulative deaths may more than double.

"To meet Captisol® demand associated with Veklury®, Hovione will soon be producing per month the quantity it usually produces in one year. This sudden spike in demand has required unique mobilization efforts across the Hovione network to secure additional raw material supply, execute major capital expenditure projects at our sites, maximize operational efficiency, hire additional talent and identify external partners to expand our overall capacity. The pharmaceutical supply chain is working together in an unprecedented fashion to treat patients and save lives. Hovione is privileged to be part of this truly global response," said Jean-Luc Herbeaux, Chief Operating Officer.

"Ligand values its longstanding partnership with Hovione," said Matt Foehr, President and Chief Operating Officer of Ligand. "Their excellent customer service, global commitment to quality and high pharmaceutical standards make them an ideal partner for Captisol®, a critical component for a number of life-saving medicines. We commend them for responsibly and efficiently partnering with Ligand to manage the scale up and expansion of their operations to contribute to global health during the pandemic."

About Captisol®

Ligand's Captisol® technology is a patent protected, uniquely modified cyclodextrin, with a chemical structure that was rationally designed to enable the creation of new products by significantly improving solubility, stability, bioavailability and dosing of active pharmaceutical ingredients (APIs). It uses a green manufacturing process that uses water as process solvent.

About Veklury® (remdesivir)

Gilead Sciences' Veklury ® is an investigational nucleotide analog with broad-spectrum antiviral activity both in vitro and in vivo in animal models against multiple emerging viral pathogens. Multiple ongoing international Phase 3 clinical trials are evaluating the safety and efficacy of Veklury ® for the treatment of SARS-CoV-2 infection, the virus that causes COVID-19, in different patient populations, formulations, and in combination with other therapies. The U.S. Food and Drug Administration (FDA) expanded the Emergency Use Authorization (EUA) enabling use of the investigational antiviral Veklury® to treat all hospitalized patients with COVID-19, in addition to the previous authorization for patients hospitalized with severe COVID-19.

About Hovione

Hovione (http://www.hovione.com/) is an international company with over 60 years of experience as a Contract Development and Manufacturing Organization (CDMO) and is currently a fully integrated supplier offering services for drug substance, drug product intermediate and drug product. With four FDA inspected sites (http://www.hovione.com/hovione-worldwide) in the USA, China, Ireland and Portugal and development laboratories in Lisbon, Portugal and New Jersey, USA, the company provides branded pharmaceutical customers services for the development and compliant manufacture (http://www.hovione.com/products-and-servi ces/contract-manufacturing-services/particle-engineering) of innovative drugs including highly potent compounds. For generic pharmaceutical customers the company offers niche API products. Hovione also provides proprietary product development and licensing opportunities for drug products (http://www.hovione.co m/products-and-services/contract-manufacturing-services/drug-product/drug-produc t-development) . In the inhalation area, Hovione is the only independent company offering a complete range of services. Please visit http://www.hovione.com/

Contact Isabel Pina. Director External Communications ipina@hovione.com Tel: +351 21 982 9362, +351 91 750 7462

Additional content: http://presseportal.de/pm/107469/4715187 OTS: Hovione

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