Clinigen Group Full Year Results FY15 and Proposed Acquisition of Link Healthcare September 2015 Peter George (CEO), Shaun Chilton (Deputy CEO), Robin Sibson & Martin Abell (CFO) Group overview Global specialty pharmaceuticals and services business, supplying clinical trial, licensed and unlicensed critical, life saving drugs Four distinct operating businesses which benefit from important synergies between them: Clinigen CTS – Global leader in the specialist supply and management of quality-assured medicines for patients in clinical trials Idis MA – Global leader in ethical worldwide access to the most promising innovative early stage medicines on behalf of pharma and biotech companies to meet an unmet patient need Idis GA – Ethical Supply of unlicensed or short supply medicines to patients via their physicians Clinigen SP – SP acquires the rights to and then revitalises essential niche hospital only medicines and has a portfolio of oncology support and infectious disease medicines Global network serving 130 countries with a broad, blue chip customer base of global pharmaceutical/biotech companies and contract research organisations Highly profitable, cash-generative business with impressive continuous growth over the past five years Good visibility of earnings with significant growth opportunities, both organically and through acquisition © Copyright Clinigen Group plc. All rights reserved Right Drug Right Patient Right Time 2 FY15 results - key highlights Financial Highlights Revenues increased in excess of 45% to £184.4m (FY14: £126.6m), +27% on proforma basis Gross profit increased 30%, mainly driven by greater than 25% growth in Specialty Pharmaceuticals (SP) gross profits and the acquisition of Idis Underlying EBITDA* up 20% to £32.3m (FY14: £26.8m) Final dividend of 2.3 pence per share proposed, bring the total dividend to 3.4 pence per share (FY14 3.1 pence per share) Business Highlights Clinigen acquired Idis April 2015; creating the global market leader in both the ethical supply of unlicensed medicines and access to short supply medicines. Proposed acquisition of Link Healthcare strengthens Clinigen’s global footprint across Asia, Africa and Australasia, allowing access to more healthcare professionals around the world to the medicines they need for their patients The Group’s owned oncology support portfolio was strengthened with the acquisition of Ethyol® (amifostine) from AstraZeneca in August 2014 Underlying EBITDAGroup & EPSplc. adjusted to reserved exclude amortisation ©*Copyright Clinigen All rights Right Drug Right Patient Right Time 3 FY15 results - key highlights Clinigen Clinical Trial Services (CTS) CTS developing new Expanded Value Services; “Just in Time” smarter supply and labelling and direct to site services Idis Managed Access (MA) Increase in deliveries to 418,000 units, through 62,000 shipments; up from 263,000 units across 40,000 shipments in FY14 As the market leader; in FY15 we have 99 products under active management with 19 of the top 25 pharma and biotech companies, shipping to 95 countries Idis Global Access (GA) The acquisition of Idis has created this new business unit Idis GA together with Link Healthcare creates huge potential to dominate and shape the ethical on-demand unlicensed supply market, estimated at $5-7bn. Clinigen Specialty Pharmaceuticals (SP) Foscavir “risk” diluted by new products, now 70% of SP sales and profit, significantly reduced from 86% at the end of FY14. Completed the transfer of market authorisations for Cardioxane from Novartis, Savene from Norgine and Ethyol from Astra Zeneca. Strategic Alliance with Cumberland Pharmaceuticals will provide support for Clinigen products in the US, with Clinigen supporting Cumberland outside the US. © Copyright Clinigen Group plc. All rights reserved Right Drug Right Patient Right Time 4 Income statement 2015 £m year ended 30 June Sales Gross profit Gross profit margin (%) Overheads1 2015 Gross profit (£53.7m) 2014 2015 Growth 126.6 184.4 46% 41.2 33% -14.4 53.7 29% -21.4 EBITDA1 (underlying) Margin (%) 26.8 21% 32.3 18% 20% Pre tax profit (underlying)1 23.1 26.2 13% 24.5p 28.0p 14% 3.1p 3.4p 10% Earnings per share (underlying)2 Total dividend 30% Audited GP 49% 1: Overheads, EBITDA & underlying PBT represent underlying performance, see slide 8 for reconciliation to reported © Copyright plc. on All underlying rights reserved 2: Adjusted earnings Clinigen per shareGroup is based PAT adjusted to exclude amortisation and associated tax Proforma 2015 Gross profit Proforma GP Right Drug Right Patient Right Time 5 Group balance sheet Goodwill and intangibles increase driven by Idis acquisition (£240m) and Ethyol, also incorporates full writedown of Vibativ £3.4m Current working capital requirement remains low £140m debt facility in place (term loan £45m and RCF £95m) until April 2020, utilisation at June 2015; £106m Net debt of £78m will increase on completion of Link acquisition and expected to reduce to current levels in FY16 Opening fair value adjustments amounted to £91.8m, the main element being the valuations assigned to brand/contracts/clients relationships £m Year ended 30 June Property, plant and equipment Goodwill & other intangible assets Deferred tax asset Total non-current assets 2014 2015 1.0 50.5 1.9 53.4 1.6 308.2 3.9 313.7 2.5 27.1 21.8 51.4 11.1 67.1 27.8 106.0 Total assets 104.8 419.7 Trade and other payables Loans and borrowings Current and deferred tax Provisions Total current liabilities (19.5) (87.7) (16.5) (69.5) (2.5) (2.9) (1.5) (38.5) (161.6) Inventories Trade and other receivables Cash and cash equivalents Total current assets Deferred tax Loans and borrowings Total non-current liabilities Total liabilities Total equity © Copyright Clinigen Group plc. All rights reserved - (19.0) (34.5) (53.5) (38.5) (215.1) 66.3 204.6 Right Drug Right Patient Right Time 6 Group cash flow Strong cash generation from underlying operations and £12.1m after tax and non underlying items Purchase of Intangibles of £188.1m is £180m Idis and £8m Ethyol £106m drawn down on new facility in April 2015 to fund Idis acquisition. Loan advances reflect this offset by settlement of previous Clinigen and Idis loans of £16.5m and £36m 27,000,000 new ordinary shares issued April 2015 at a price of 500 pence per share to fund Idis acquisition © Copyright Clinigen Group plc. All rights reserved £m 2014 2015 16.2 5.3 Add: Corporation tax 5.1 3.1 Interest paid 0.2 0.8 D&A, impairment and loss on disposal 3.5 12.2 Share based payment expense 1.2 1.3 Year ended 30 June 2013 Profit after tax (Increase)/decrease in net working capital Increase in provisions (5.5) (10.2) - 1.5 Income taxes paid (1.1) (1.9) Net cash flows from operating activities 19.6 12.1 Purchase of PP&E (0.6) (0.2) Purchase of intangibles (21.8) (188.1) Net cash used in investing activities (22.4) (188.3) Interest paid (0.2) (0.8) Loan (repayments) and advances 16.5 53.3 Dividends (2.5) (2.6) Issue/(purchase) of shares Net cash generated from financing activities (0.3) 132.4 Total cash flows 10.7 13.5 182.3 6.1 Right Drug Right Patient Right Time 7 Reconciliation for EBITDA to PAT Underlying Reported £m’s Underlying EBITDA Interest expense D&A, impairment and disp. loss Underlying PBT 2014 26.8 (-0.2) (-3.5) 23.1 2015 32.3 (-0.8) (-5.3) 26.2 2014 26.8 (-0.2) (-3.5) 23.1 2015 32.3 (-0.8) (-5.3) 26.2 Share based payment charge Impairment/amortisation of intangibles Idis acquisition costs/restructuring PBT Taxation (underlying) Taxation (non-underlying) PAT 23.1 (-5.4) 26.2 (-5.7) 17.6 20.4 (-1.8) 21.3 (-5.4) 0.4 16.2 (-2.3) (-5.9) (-9.5) 8.4 (-5.7) 2.6 5.3 © Copyright Clinigen Group plc. All rights reserved Right Drug Right Patient Right Time 8 Operating Businesses Clinigen Clinical Trial Services Clinigen has consolidated its global market leader position with the acquisition of Idis CTS remains the main revenue generator in the Group with 61% of sales (38% proforma), with the lowest GM% Addressable outsourced drug sourcing market c. $2.5bn, estimated to grow at 8% over next 3 years, with expanded value services market a further c.$1bn Introduction of expanded value services; “Just in Time” smarter supply and labelling and “direct to site” services, will improve margins during FY16 30-50% of purchased clinical trial drugs are wasted, due to poor purchasing decisions; “Just in time” services aimed at reducing this waste Increasing demand for Real World Data driving demand for labelling and direct to site services Currently running direct to site projects for 8 companies, on 22 clinical studies, supplying 33 medicines to 252 sites © Copyright Clinigen Group plc. All rights reserved Right DrugRight RightPatient PatientRight RightTime Time Right Drug 10 Clinigen Clinical Trial Services £m Clinigen CTS Audited 12 months ended 30 June FY15 Sales 112.7 YoY Growth % 34% Gross Profit 13.4 YoY Growth % 7% Gross Profit Margin (%) 12% Audited Pro forma Pro forma Pro forma FY14 FY15 FY14 FY13 83.6 134.8 93.0 92.9 12.6 15% 45% 0% 16.2 13.6 19% 13% 12% 15% 12.0 13% Financial Year 2015 Sales up 34% and an even better 45% on a proforma basis Gross profit performance, up 7% (19% proforma) at a 12% gross margin. This will improve with expanded value services Underlying activity up, with medicines supplied up 13% and number customers up from 73 to 85 Sales pipeline strong @ c.£137m, H1 pipeline of 80-100% probability is at £42.8m, GM 14.7% (Prior Year £20.6m) Deeper customer presentation 7 customers with sales greater than £5m, up from 5 in FY14 Half of the top 25 pharmaceutical companies, by R&D spend, are CTS customers © Copyright Clinigen Group plc. All rights reserved Right DrugRight RightPatient PatientRight RightTime Time Right Drug 11 Idis Managed Access Idis MA is the global market leader in the exclusive managed access to the most promising innovative early stage medicines on behalf of pharma and biotech companies The Idis acquisition allowed the Group to combine the Idis MAP and Clinigen GAP businesses under the Idis Managed Access (MA) brand. The integration has fully amalgamated these businesses with immediate effect and seamlessly, post-acquisition Proforma FY15 has seen an increase to 418,000 units delivered through 62,000 shipments; up from 263,000 units across 40,000 shipments in FY14 Idis MA is the market leader in this rapidly evolving sector valued at c.$500-600m Idis MA has 99 products under active management, is working with 19 of the top 25 pharma and biotech companies, and over 50 in total, and distributed unlicensed medicines to 95 countries in FY15. © Copyright Clinigen Group plc. All rights reserved Right Drug Right Patient Right Time 15 12 Idis Managed Access Idis MA £m 12 months ended 30 June Sales Audited FY15 28.8 YoY Growth % 78% Gross Profit 8.3 YoY Growth % 53% Gross Profit Margin (%) 29% Audited FY14 16.1 5.4 34% Pro forma Pro forma Pro forma FY15 FY14 FY13 124.3 91.8 84.4 35% 9% 25.3 18.3 38% 2% 20% 20% 18.0 21% Financial Year 2015 Significant sales growth, up 78%. On a proforma basis still excellent 35% Very strong gross profit performance, up 53%, again strong on a proforma basis +38% The healthy deal flow seen in FY15 has carried forward into FY16 Number of opportunities and value of the sales pipeline remains strong A “Strategic Support Services” offering has been developed, helping larger pharma companies take a more strategic approach to managing access to their portfolio globally. The first real world data projects are expected to start in Q2 FY16, but discontinuation services continue to be strong © Copyright Clinigen Group plc. All rights reserved Right Drug Right Patient Right Time 13 Idis Global Access £m 12 months ended 30 June Sales Idis GA Audited FY15 9.2 Audited FY14 - YoY Growth % Gross Profit 2.8 - YoY Growth % Gross Profit Margin (%) 30% - Pro forma Pro forma Pro forma FY15 FY14 FY13 61.0 66.4 70.9 -8% -6% 14.6 13.3 10% -20% 24% 20% 16.7 24% Financial Year 2015 Sales declining year on year as described in acquisition roadshow, due to changes in UK “specials” market and one poor performing low margin commercial supply agreement Decline in sales will continue in FY16 as commercial contract (+£25m sales) is closed Strong gross profit performance, up 10%, following a period of decline related to loss of UK Specials contracts in 2013/14 © Copyright Clinigen Group plc. All rights reserved Right Drug Right Patient Right Time 14 Access across the lifecycle Access across the lifecycle Unlicensed Licensed Specialty Pharmaceuticals No approval Ex-trial Clinigen Clinical Trial Services Pre-launch Phased launch Phase II Phase III EARLY Pre-Approval Phased Launch EXPANDED Market Exit MATURE Idis GA and Link together will help Clinigen meet the huge opportunity to supply the global unmet for ethical medicines, estimated to be up to $7bn annually Marketing the services globally to hospital and regional pharmacist and investment in the e-commerce platform to reach the global market will be a feature of FY16 and FY17 © Copyright Clinigen Group plc. All rights reserved Right Drug Right Patient Right Time 15 Clinigen Specialty Pharmaceuticals £m Clinigen SP Audited FY15 33.7 Audited FY14 26.9 Audited FY13 24.3 YoY Growth % 25% 11% 12% Gross Profit 29.1 23.2 19.8 YoY Growth % 25% 17% 8% Gross Profit Margin (%) 86% 86% 82% 12 months ended 30 June Sales Audited FY12 21.7 18.3 84% Financial Year 2015 Sales and gross profit both showing 25% growth SP remains the largest contributor to the Group’s gross profit accounting for 54%, 34% in the new enlarges group on a proforma basis Foscavir “risk” diluted by new products to 70% of SP sales and profit, significantly reduced from 86% at the end of FY14. Ethyol acquired August 2014 Completed the final transfer of market authorisations for Cardioxane, Savene and Ethyol Strategic Alliance with Cumberland Pharmaceuticals will provide support for Clinigen products in the US, with Clinigen supporting Cumberland outside the US © Copyright Clinigen Group plc. All rights reserved DrugPatient Right Patient Right Time Right DrugRight Right Right Time 16 Clinigen Specialty Pharmaceuticals Dexrazoxane – Savene and Cardioxane All marketing authorisations (MA) and technical transfers completed Savene sales ahead of those achieved by previous MA holder Strong KOL support for Clinigen’s strategy of challenging Article 31 restrictions, from the worldrenowned Children’s Oncology Group (COG), with the paper co-authored by 25 global Key Opinion Leaders. We anticipate a response from the regulators in the next six months Ethyol Rapid steps made in the revitalisation of Ethyol in FY15, transferring the MA for the US and Europe Well underway with the technical transfer of the manufacturing, which will complete by end FY16 Good potential in the growth of Ethyol; new radiotherapy techniques still cause a reasonable incidence xerostomia, which is untreated. No significant competitor currently in development Foscavir Growth reflects underlying disease it treats both growing at 4-5% Launch in South Korea and US distribution agreement extended with Hospira through to end 2019 Supporting Japanese study to extend treatment into HHV6 Vibativ Diagnostic e-Test continues to be a problem and although reimbursement agreed in UK, Ireland, Germany and Austria, reimbursement has been refused in a number of other European markets The e-Test, inconsistent reimbursement and current loss making position due to regulatory demands has led to a review of its commercial viability in Europe © Copyright Clinigen Group plc. All rights reserved DrugPatient Right Patient Right Time Right DrugRight Right Right Time 17 15 Key Strategic Objectives The Clinigen Model Only 3 routes to get a drug into a patient, clinical trial, as a licensed or unlicensed medicine. Clinigen uniquely supplies all three But; 80% of the world’s population, some 5.5bn people, have low or non-existent access to medicines An estimated 50% of drugs sold on-line are fake The proportion of counterfeit or substandard medicines can be as high 1030% in some regions This is Global Healthcare Crisis! A healthcare professional has to know the drug they want to treat their patient is; available (right drug) and can be imported to his/her hospital (right patient) quickly (right time), this is the Clinigen model © Copyright Clinigen Group plc. All rights reserved Right Drug Right Patient Right Time 19 Strengthening The Clinigen Model To strengthen the right drug, right patient, right time model, Clinigen has: Acquired Idis, giving it market leader status in unlicensed and Clinical Trial drug supply Formed a strategic alliance with Cumberland Pharmaceuticals in the US to better control its own products Acquired Link Healthcare to give it a local footprint in Southern Africa, Australia, New Zealand, Singapore, Malaysia, Hong Kong and Japan © Copyright Clinigen Group plc. All rights reserved Right Drug Right Patient Right Time 20 Key Strategic Objectives Utilise Clinigen products database to identify opportunities in top 50 pharma SO 1: Acquisition of product opportunities from top 50 pharma Develop relationships within pharma to identify opportunities Develop relationship with “acquisition brokers” Develop global distribution relationships and capabilities Target is 5 products over next 5 years Maintain Foscavir – new markets, South Korea. New indication SO 2: Revitalize acquired assets Dexrazoxane strategy to reverse article 31 Ethyol growth strategy Strengthen sourcing capabilities for CTS and unlicensed medicines SO 3: Extend global capabilities Develop “international pharmacy” type unlicensed supply model to pharmerging markets Develop a better direct supply model to key pharmerging markets for licensed and unlicensed supply Extend business with current customers SO 4: #1 Global CTS Company Target key pharma, CRO, re-packers who are not current customers Develop exclusive sourcing agreements Develop “smart” global sourcing capabilities Extend business with current customers SO 5: #1 Global MA Company Target key pharma who are not current customers Develop software to create unique offering Develop “international pharmacy” type unlicensed supply model to pharmerging markets SO 6: Corporate Acquisitions © Copyright Clinigen Group plc. All rights reserved Acquisition of companies that both strengthen Clinigen’s portfolio and/or global footprint and distribution capabilities Right Drug Right Patient Right Time 21 Strategic Progress SO 4: #1 Global CTS Company Consolidated global market leader position with acquisition of Idis SO 5: #1 Global MA Company The Idis acquisition allowed us to combine the Idis MAP and Clinigen GAP businesses under the Idis MA brand, catapulting the Group into the global market leader position in the exclusive managed access sector SO 6: Corporate Acquisitions Acquisition of companies that both strengthen Clinigen’s portfolio and/or global footprint and distribution capabilities © Copyright Clinigen Group plc. All rights reserved Right Drug Right Patient Right Time 22 © Copyright Clinigen Group plc. All rights reserved Right Drug Right Patient Right Time 23 Acquisition of Link Healthcare © Copyright Clinigen Group plc. All rights reserved Right Drug Right Patient Right Time 24 Overview of Acquisition Clinigen is acquiring Link Healthcare, a specialist Pharmaceutical and Medical Technology business focussed in the regions of Asia, Africa and Australasia, for an initial consideration of £44.5 million The acquisition is for a maximum consideration of £100m on a debt-free cash-free basis, payable in 3 tranches over 3 years, subject to performance: £44.5m payable at completion, 50% in new shares and 50% in cash Up to two further tranches, to a maximum of £55.5m in total, depending on the achievement of EBITA for the financial years ending June 2016 and June 2017. Initial cash element of the consideration will be financed from Clinigen’s existing debt facilities Will apply for listing of new share’s, the consideration will comprise 3,102,558 Ordinary Shares, calculated based on the average share price over the 10 trading days ending 18th September 2015, and will be admitted to trading on 30 October The Acquisition is expected to be immediately earnings enhancing Completion is expected to be 30 October, following the Clinigen AGM © Copyright Clinigen Group plc. All rights reserved Right Drug Right Patient Right Time 25 Overview of Link Link was founded in 1997 and focussed in the regions of Asia (Singapore, Malaysia, Hong Kong & Japan), Southern Africa and Australia, New Zealand, employing c.150 people Link offers a range of services on a local or cross-regional basis: Full commercial launch services Mature and discontinued product lifecycle management Comprehensive regulatory services Marketing and logistics Early market access programs, including the sourcing of “Named Patient based Supply” (NPS) for more than 200 essential medicines Link is the holder of over 100 Marketing Authorisations in its local markets Has long-term partnerships with over 40 global blue chip pharma and medical technology clients For the financial year ended 31 March 2015, Link achieved revenue of £31.6 million and EBITDA of £4.2 million. It has gross assets of £23.3 million as at 31 March 2015. In the LTM period to June 2015 Link achieved revenue of £33.7 million and EBITDA of £5.1 million. Link’s mission is a commitment to excellence in the provision of vitally important specialty products and to securing innovative medicines and technology, delivering access to world class therapies © Copyright Clinigen Group plc. All rights reserved Right Drug Right Patient Right Time 26 Strategic Benefits The acquisition fulfils a number of Clinigen’s strategic ambitions and will increase future growth opportunities, both in new markets and globally, and will support all areas of the business through: A significant AAA (Asia, Africa & Australasia) footprint, with an established, profitable and trusted business in key markets Immediately growing the portfolio of products and services Increasing distribution capabilities in line with our hub and spoke model Providing registration and commercialisation capabilities in the region The new combined entity will further strengthen our position as the global market leader in ethical unlicensed supply - a large addressable and under-penetrated market with the opportunity to shape and develop a $5+billion market Providing regional on-demand unlicensed supply capabilities in established and ‘pharmerging’ markets Strengthening key customer links with hospital pharmacists and KOL across the AAA region Providing access to Link’s exclusive relationships for both licensed and unlicensed products Providing complementary customer lists in unlicensed supply Further accelerates Clinigen’s goal of market leader status © Copyright Clinigen Group plc. All rights reserved Right Drug Right Patient Right Time 27 Summary Key Acquisition Highlights 1 Strategic rationale – significant step in achieving stated strategy to develop global footprint 2 Significantly expanded distribution and sales capability – opportunity to leverage market leadership as Link has complementary relationships with pharma, biotech, health authorities and regulators 3 Direct access to fast growing pharmerging markets through existing established Link customers 4 Further enhances life cycle management service offering through local registration and commercialisation in the pharmerging markets for discontinued, rare and orphan drugs 5 Established methodology for commercial supply agreements which can be extended 6 Earnings enhancing and cash generative © Copyright Clinigen Group plc. All rights reserved Right Drug Right Patient Right Time 28 Cumberland Pharma Clinigen Group signs strategic alliance with Cumberland Pharmaceuticals Partnership strengthens Clinigen’s global footprint and gives Cumberland Pharmaceuticals access to new international markets Cumberland Pharmaceuticals acquires, develops and commercializes branded prescription products designed to improve quality of care and address unmet medical needs. The company focuses on underserved niche markets in the US and currently markets five FDA approved products. These products include Acetadote® (acetylcysteine) injection for the treatment of acetaminophen poisoning and Vaprisol® (conivaptan) injection, for the treatment of hyponatremia. Cumberland also has a development pipeline with candidates in Phase II studies. © Copyright Clinigen Group plc. All rights reserved Right Drug Right Patient Right Time 29 Next Steps for the Enlarged Group Integration of acquisitions Idis; focus on commercial synergies and e-commerce platform Link; start 100 day integration plan Cumberland; map out product opportunities Launch of new added value services in MA and CTS and continue revitalisation of products The Board remains confident in the outlook for the full year This has been a transformational year whilst delivering strong financial performance © Copyright Clinigen Group plc. All rights reserved Right Drug Right Patient Right Time 30 Appendices Senior Management Peter George – Chief Executive Officer Joined Clinigen when it formed in June 2010 Former CEO at Penn Pharma, having led a GBP67m management buy-out (2007) Previously executive VP for Wolters Kluwer Health with responsibility for Europe/Asia Pacific Former Chief Operating Officer of Unilabs Clinical Trials International Limited Shaun Chilton – Deputy CEO Joined Clinigen in January 2012 Previously President within KnowledgePoint360 Group, a global pharmaceutical information and services operation 20 years’ commercial, strategic and operational experience, including sales and marketing in Pfizer and Sanofi-Aventis (now Sanofi) Robin Sibson – Chief Financial Officer Joined ADL Healthcare Limited, a company owned by Clinigen’s former Executive Chairman (2003) Over 30 years’ experience in the pharmaceutical industry, including 15 years as Finance Director Formerly Finance Director of BASF’s UK Pharmaceuticals, sales and R&D divisions Previously Finance Director at Boots UK Pharmaceutical business, leading the integration following its sale to BASF Martin Abell – Chief Financial Officer Elect • Martin joined Clinigen in August 2015 as CFO Elect. • Previously at the FTSE250 recruitment group Hays plc. as Head of Investor Relations and M&A, and most recently as Finance Director for the Continental Europe and Rest of World division • Prior to Hays Martin held financial roles in Exel plc (now part of Deutsche Post) • Qualified Chartered Accountant, having trained at PwC in the M&A Transaction Services team. © Copyright Clinigen Group plc. All rights reserved Right Drug Right Patient Right Time 32 Clinigen Specialty Pharmaceuticals Dexrazoxane Cardioxane acquired from Novartis in 2013, used for as a cardioprotective drug against anthracycline toxicity and Savene acquired from Norgine in 2014, used to treat extravasation caused by anthracycline treatment Ethyol Acquired from AstraZeneca August 2014, it is a cytoprotective drug indicated to reduce the incidence of xerostomia (dry mouth) in patients undergoing radiation treatment for head and neck cancer and to reduce renal toxicity associated with cisplatin in patients with advanced ovarian cancer Foscavir Acquired global rights from AZ in 2010; Anti-viral last line treatment predominantly used for CMV in bone marrow transplant patients Vibativ In-licensed Vibativ from Theravance in 2013, used to treat hospital acquired pneumonia of an MRSA cause © Copyright Clinigen Group plc. All rights reserved DrugPatient Right Patient Right Time Right DrugRight Right Right Time 33 15