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27-Aug-2019

Eckert & Ziegler: additional production capacities for Gallium-68-Generators released by supervisory authorities

DGAP-News: Eckert & Ziegler Strahlen- und Medizintechnik AG / Key word(s): Miscellaneous

27.08.2019 / 10:22
The issuer is solely responsible for the content of this announcement.


Berlin, 27 August 2019. Eckert & Ziegler AG (ISIN DE0005659700), a specialist in isotope-related applications in medicine, science and industry, has been given the manufacturing authorization for additional production lines for its Ge-68/Ga-68-generators (GalliaPharm(R)). The authorization has been given by the local German competent authority as well as by the American Food and Drug Administration (FDA). Both acceptances were made without any major restrictions or reservations. The additional capacities are available immediately.

Due to supply bottlenecks in summer 2018 Eckert & Ziegler invested in its production capacity for the highly demanded raw material Ga-68 for precision oncology last year and announced an expansion of capacity. The manufacturing license has now been issued as planned on 23 August 2019 by the US Food and Drug Administration (FDA) and previously by the Berlin State Office for Health and Welfare.

"We are pleased to have passed this milestone and now feel prepared for the surge in demand, which could show up in the coming year with a successful completion of various clinical developments. At the moment, there are half a dozen radiopharmaceuticals from international pharmaceutical companies in advanced clinical trials, including major indications such as prostate cancer," explains Dr. Lutz Helmke, member of the Executive Board of Eckert & Ziegler AG and responsible for the Radiopharma segment.

Ge-68/Ga-68-generators enable Gallium-68 radionuclide production for use in Positron Emission Tomography (PET). The radionuclide can be coupled with a multipurpose diagnostic biomolecule to locally create ready-for-use pharmaceuticals used in PET scan diagnoses. Currently, Gallium-68 labelled diagnostic pharmaceuticals are mostly used in precision oncology, in which the radiopharmaceutical is injected into the patient and binds to the tumor cell.

In contrast to Fluorine-18 or Carbon-11 based PET diagnostics, Gallium-68 based technology does not require the use of expensive cyclotrons, thereby reducing costs and enabling increased flexibility in the practice of nuclear medicine diagnostic imaging.

About Eckert & Ziegler.
Eckert & Ziegler Eckert & Ziegler Strahlen- und Medizintechnik AG with around 800 employees, is one of the world's largest providers of isotope-related components for radiation therapy and nuclear medicine. Eckert & Ziegler shares (ISIN DE0005659700) are listed in the SDAX index of Deutsche Börse.
Contributing to saving lives.

Contact:
Eckert & Ziegler AG, Karolin Riehle, Investor Relations
Robert-Rössle-Str. 10, 13125 Berlin
Tel.: +49 (0) 30 / 94 10 84-138, karolin.riehle@ezag.de, www.ezag.com



27.08.2019 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
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Language: English
Company: Eckert & Ziegler Strahlen- und Medizintechnik AG
Robert-Rössle-Str.10
13125 Berlin
Germany
Phone: +49 30 941084-138
Fax: +49 30 941084-112
E-mail: karolin.riehle@ezag.de
Internet: www.ezag.de
ISIN: DE0005659700
WKN: 565970
Indices: SDAX
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange
EQS News ID: 863611

 
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Last Updated: 27-Aug-2019