HELM AG Acquires Shares in Amarin Technologies S.A.

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Wednesday, 15 December 2010 13:00 (UTC + 1)
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Hamburg, Germany, December 15, 2010 / b3c newswire / - Effective September 28th, 2010, Hamburg based HELM AG has purchased a 30% shareholding in Amarin Technologies S.A. a privately owned pharmaceutical development company in Buenos Aires, Argentina.

 

Amarin has more than 20 years of experience in the technology of transdermal delivery systems and owns several patents. The mid-size company has been cooperating with HELM successfully on the development of a pain release patch.

 

Both Sergio Lucero, CEO of Amarin, and Dieter Schnabel, CEO of HELM, are convinced that HELM, with its marketing strength in more than 32 countries is a perfect fit for Amarin’s expertise in transdermal technology. “We are confident that this strategic step will be very beneficial to both companies.”

 

The participation gives HELM’s pharmaceutical division direct access to various generic transdermal products, presently still a niche market but with strong growth potential. It will further strengthen the company’s position within the global pharmaceutical market. At the same time, it increases Amarin’s access to international markets.

 

For more information from HELM AG 
Annegret Dehning
Executive Manager Admin./Public Relations
Tel. +49 40 23 75 18 20
e-mail: This e-mail address is being protected from spambots. You need JavaScript enabled to view it

 

For more information from Amarin Technologies SA
Ms. Emilce Diaz
Tel +54 11 5921 6387
e-mail: This e-mail address is being protected from spambots. You need JavaScript enabled to view it