| HOME >> BIOLOGY >> TECHNOLOGY |
In anticipation of the impending marketing of Oralair(R) in these countries, Stallergenes established a subsidiary to run its operations in Austria and took over its current distributor in Switzerland, TRIMEDAL, on 17 February 2009. However, this acquisition is not very significant given the size of the Group.
The Group decided today to increase the par value of each share from EUR 0.95 to EUR 1.00 through the capitalization of reserves. This transaction was only of a technical nature.
Dividend
In order to demonstrate its confidence in the Group's development outlook, the Board of Directors will propose to the General Meeting to be held on 29 May 2009, the distribution of a dividend of EUR 0.45 per share, reflecting a 12,5% increase over the previous year.
ABOUT STALLERGENES
Stallergenes is a European biopharmaceutical company dedicated to desensitization therapies for the prevention and treatment of allergy-related respiratory diseases, e.g. rhinoconjunctivitis and allergic asthma. A pioneer and leader in sublingual desensitization treatments, Stallergenes devotes 21% (gross) of its sales to Research and Development and is actively involved in the development of a new therapeutic class: sublingual desensitization tablets.
In 2008, Stallergenes had sales of EUR 171 million and provided desensitization treatments to more than 500,000 patients.
Euronext Paris (Compartment B)
SBF 120.
ISIN Code: FR0000065674
Reuters Code: GEN.PA
Bloomberg Code: GEN.FP
Additional financial information is available at http://www.stallergenes.com
| SOURCE Stallergenes Copyright©2009 PR Newswire. All rights reserved |