Revenue Growth and Strategic Acquisitions
Revenue grew by 6% in the first half of 2025, driven by robust volumes across all business segments and regions, with recent launches and the fully integrated Xellia acquisition contributing to growth.
Injectables Segment Performance
The Injectables segment saw a 12% core revenue growth year-on-year, with strong growth in European (26%) and MENA (16%) businesses. The Xellia acquisition and new product launches were key contributors.
Branded Segment Momentum
The Branded segment achieved 4% growth on the top line and 3% operating profit growth, maintaining a significant market position in MENA. The company launched 14 products and made 36 regulatory filings in the first half.
Strong Pipeline Developments
Received U.S. FDA approval for TYZAVAN and ustekinumab, expanded the Zagreb pipeline from 9 to 22 active projects, and initiated the first value-added medicine project equivalent to the 505(b)(2) filing in the U.S.