Formycon AG: Formycon Reports Further Course of Capital Measure

Munich (pta039/26.06.2019/18:15 UTC+2) Formycon AG (ISIN: DE000A1EWVY8/ WKN: A1EWVY) is today reporting on the further course of the capital measure approved on March 22, 2019 by the Executive Board and Supervisory Board and entered into the commercial register on April 10, 2019, under the terms of which the company's share capital has been increased by EUR 577,397.00 from EUR 9,422,603.00 to EUR 10,000,000.00 with partial utilization of the approved capital through the issue of 577,397 new, bearer shares with a calculated proportion of the share capital of EUR 1.00 apiece and an issue amount of EUR 29.90 per share in return for cash investment.

On June 3, 2019, Formycon announced that its investor M&H Equity AG, based in Heerbrugg, Switzerland, had so far paid in EUR 577,397.00 as nominal payments and EUR 4,422,603.00 as a debt contribution, totaling EUR 5,000,000.00, to the company's capital increase account and a further debt contribution amounting to EUR 12,264,170.30 was still outstanding. With the agreement dated June 26, 2019, Wendeln & Cie. KG, an asset management company of Mr. Peter Wendeln (anchor shareholder and long-standing member of the Supervisory Board of Formycon AG), acquired all rights from the certificate of subscription as well as the 577,397 shares in Formycon AG from the cash capital increase.

Even before this transaction, Mr. Peter Wendeln and the companies to be assigned to him were the largest investor group of Formycon AG. The acquisition of the 577,397 shares increases their shareholding from around 18.9 percent to around 24.6 percent.

Formycon AG very much welcomes the implementation of the transaction and regards the expansion of the involvement of a long-standing strategic partner as a strong signal and a great sign of confidence in the company.

About Formycon:
Formycon is a leading, independent developer of high-quality follow-on products for biopharmaceutical medicines known as biosimilars. The company focuses on treatments in ophthalmology, immunology and on other key chronic diseases, covering the entire value chain from technical development to the clinical phase III as well as the preparation of dossiers for marketing approval. With its biosimilars, Formycon is making a major contribution towards providing as many patients as possible with access to vital and affordable medicines. Formycon currently has four biosimilars in development.

About Biosimilars:
Since their introduction in the 1980s, biopharmaceuticals have revolutionized the treatment of serious diseases such as cancer, diabetes, rheumatoid arthritis, multiple sclerosis and eye diseases. In the coming years, many of these biotech drugs will lose their patent protection - and by 2020, medications with revenues of approximately USD 100 billion will be off patent. Biosimilars are follow-on versions of biopharmaceuticals, for which exclusivity has expired. They are approved via stringent regulatory pathways in highly regulated markets (such as EU, US, Japan, Canada, Australia) based on proven similarity of the biosimilar with the originator biopharmaceutical reference product. While the global market for biosimilars is currently more than USD 5.0 billion, industry experts expect this figure to grow up to USD 30 billion by the year 2025.

Contact:
Sabrina Müller
Corporate Communications and Investor Relations
Formycon AG
Fraunhoferstr. 15
82152 Martinsried/Planegg/Germany
phone +49 (0) 89 - 86 46 67 149
fax + 49 (0) 89 - 86 46 67 110
Sabrina.Mueller@formycon.com // www.formycon.com

Disclaimer:
This press release may contain forward-looking statements and information which are based on our current expectations and certain assumptions. Various known and unknown risks, uncertainties and other factors could lead to material differences between the actual future results, financial situation, performance of the company, development of the products and the estimates given here. Such known and unknown risks and uncertainties comprise, among others, the research and development, the regulatory approval process, the timing of the actions of regulatory bodies and other governmental authorities, clinical results, changes in laws and regulations, product quality, patient safety, patent litigation, contractual risks and dependencies from third parties. With respect to pipeline products, Formycon AG does not provide any representation, warranties or any other guarantees that the products will receive the necessary regulatory approvals or that they will prove to be commercially exploitable and/or successful. Formycon AG assumes no obligation to update these forward-looking statements or to correct them in case of developments which differ from those anticipated. This document neither constitutes an offer to sell nor a solicitation of an offer to buy or subscribe for securities of Formycon AG. No public offering of securities of Formycon AG will be made nor is a public offering intended.

This document and the information contained therein may not be distributed in or into the United States of America, Canada, Australia, Japan or any other jurisdictions, in which such offer or such solicitation would be prohibited. This document does not constitute an offer for the sale of securities in the United States.

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Emitter:	Formycon AG Fraunhoferstraße 15 82152 Planegg-Martinsried Germany
Contact Person:	Sabrina Müller
Phone:	+49 89 864667-149
E-Mail:	Sabrina.Mueller@formycon.com
Website:	www.formycon.com
ISIN(s):	DE000A1EWVY8 (Share)
Stock Exchange(s):	Free Market in Berlin, Dusseldorf, Frankfurt (Scale), Hamburg, Munich, Stuttgart, Tradegate