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CytoTools subsidiary completes establishment of German production and starts own production of DPOCL in Europe for the first time

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DGAP-News: CytoTools AG / Key word(s): Strategic Company Decision
18.11.2020 / 09:20
The issuer is solely responsible for the content of this announcement.

CytoTools subsidiary completes establishment of German production and starts own production of DPOCL in Europe for the first time

- Production notified to the responsible regional council in accordance with the German Drug Law
- DermaTools is allowed to produce DPOCL for the European market
- In-house production is used directly to manufacture the DPOCL API for Phase III study

Darmstadt, 18 November 2020 - CytoTools AG (ISIN DE000A0KFRJ1), a biotechnology holding company specializing in pharmaceutical and medical products, has announced through its subsidiary DermaTools Biotech GmbH the production of DPOCL at its new production site near Saarbrücken, Germany. This means that the facilities are already available to the company for the production of the DPOCL API ("Active Pharmaceutical Ingredient") for the upcoming phase III study for the approval of DermaPro.

Following an audit in October 2020 and the receipt of the final audit report, DermaTools today notified the responsible Regional Council in Saarbrücken of the production in accordance with the German Drug Law. This means that the company meets all the requirements to start the production of DPOCL in Germany. "DPOCL can now be produced not only at the site of our license partner Centaur in Mumbai but also centrally in Europe", explains Dr. Dirk Kaiser, Board Member for Research & Development at CytoTools AG. "This gives us full local control over the entire production process of the active ingredient in our wound healing medication DermaPro. Especially for the forthcoming final study of the DermaPro approval process we can thus ensure the optimal quality of the active substance contained in the product. Furthermore, we are now independent of possible export restrictions in the context of the COVID 19 crisis with regard to the supply of our active ingredient."

According to current planning, the production facilities will be used for the manufacture of the active pharmaceutical ingredient DPOCL, which will be used in several of the Group's products. The filling and packaging of the market-ready drugs, on the other hand, will continue to be carried out by contractual partners.

Further information about CytoTools AG, its affiliated subsidiaries and the active pharmaceutical ingredient pipeline of the holding company is available on the company website www.cytotools.de.

Contact:
CytoTools AG
Ingo Middelmenne
Investor Relations
Mobile: +49-174-9091190
Email: middelmenne@cytotools.de

About CytoTools:

CytoTools AG is a German biotechnology holding company which translates results from basic cell biological research on cell growth and programmed cell death into new forms of therapy for the causal treatment of disease and healing. CytoTools' versatile product pipeline includes self-developed chemical compounds and biopharmaceuticals which have the potential to offer new treatment options in dermatology, cardiology, urology and oncology. CytoTools is structured as a technology holding and investment company and has holdings in the subsidiaries DermaTools Biotech GmbH (62 %) and CytoPharma GmbH (50 %).

Disclaimer
This release contains certain forward-looking statements. These reflect the opinion of CytoTools as of the date of this release. The results actually achieved by CytoTools may differ considerably from the statements made in the future-oriented statements. CytoTools is not obliged to update forward-looking statements.
 


18.11.2020 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
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Language:

English

Company:

CytoTools AG

Klappacher Str. 126

64285 Darmstadt

Germany

Phone:

+49 (0)6151-951 58 12

Fax:

+49 (0)6151-951 58 13

E-mail:

kontakt@cytotools.de

Internet:

www.cytotools.de

ISIN:

DE000A0KFRJ1

WKN:

A0KFRJ

Listed:

Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt (Basic Board), Hamburg, Stuttgart, Tradegate Exchange

EQS News ID:

1148758


 

End of News

DGAP News Service

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