Almirall Explained

Almirall, S.A.
Type:Sociedad Anónima
Foundation:1944
Founder:Antonio Gallardo Carreras
Location City:Ronda del General Mitre, 151
08022 Barcelona
Spain
Area Served:International
Products:Ebglyss, Ilumetri, Wynzora, Klisyri, Seysara, Ebastel, Monodox, Acticlate, Almogran, Tesavel & Efficib, Solaraze, Airtal, Decoderm, Cordran, Almax, Parapres, Balneum, Sativex, Cleboril, Monovo, Actikerall.[1]
Revenue: €898.8 million (2023)[2]
Net Income: €33.5 million (2022)[3]
Assets: €2.302 billion (2022)
Num Employees: 1,904 (2023)[4]

Almirall, S.A. is a Spanish pharmaceutical company dedicated to medical dermatology, with headquarters in Barcelona, founded in 1944.[5]

In 2023, the company generated total revenues of €898.8[6] million and was the leading European company in medical dermatology.

With approximately 1,904 employees (2023), it has a direct presence in 20 countries through its 15 subsidiaries in Europe and the USA.[7]

History

Early history

Almirall SA was founded in 1944 in Spain. In 1979, the company launched gastroprokinetic clebopride in Spain, the first product from the company’s internal R&D team. In 1984, the business launched antacid product, almagate, in Spain, as well as anti-inflammatory piketoprofen in 1985 and antihistamine ebastine and cinitapride in 1985. In the same year, Almirall opened its first subsidiary, based in Belgium. In 1992 the company launched aceclofenac and a year later opened its second foreign subsidiary, in Portugal. The company's new headquarters were opened in Barcelona, in 1994. In 1997 Almirall and Prodesfarma merged their interests.[8]

Further expansion

In 2000 the FDA approved anti-migraine agent almotriptan. A year later the company opened its Mexican subsidiary as well as acquiring its French affiliate. Beginning in 2002, Almirall opened a series of European based subsidiaries; Italy (2002), Germany (2003), Austria, Poland, the United Kingdom, Ireland and Switzerland (2008), Nordic Countries (2010) [9] and Netherlands (2013).

In 2005 the business acquired the commercial rights for Sativex in Europe for the treatment of spasticity associated to multiple sclerosis. In 2006, the company opened its new R&D Centre based in Sant Feliu de Llobregat as well as the acquisition of the Centre of Excellence for Inhalation Technology.

In 2007, the company floated on the Spanish stock market, as well as acquiring European dermatology specialist, Hermal. The company also acquired a portfolio of eight products from Shire plc.

In 2011, Almirall launched Actikerall prescribed for the local treatment of actinic keratosis.

In 2012, Almirall opened its first North America subsidiary, based in Canada[9] and launched aclidinium, prescribed for chronic obstructive pulmonary disease (COPD), in Europe under the brand Eklira Genuair and Bretaris Genuair and in the United States under the brand Tudorza Pressair. The business also launched Monovo, for the treatment of inflammatory skin diseases such as psoriasis.

Medical dermatology

Almirall began a concentrated focus on medical dermatology in 2013,[10] following the acquisition of another specialist dermatology company, Aqua Pharmaceuticals. The company launched linaclotide in Europe (Constella) for irritable bowel syndrome with constipation (IBS-C) and opened its Netherlands subsidiary.

In 2014 Almirall divested its rights to its respiratory franchise to Astrazeneca focussing on the dermatology, later in 2015 declaring its strategic intention to become a leading pharmaceutical company in the field of dermatology and continuing with its expansion by acquiring Poli Group Holding and ThermiGen LLC in 2016.[11]

In May 2022, a new generational change took place within the founding family, with the replacement of Jorge Gallardo Ballart by his son Carlos Gallardo Piqué at the head of the non-executive presidency of the company.[12] Six months later, Carlos Gallardo also assumed the executive management.

Activities

Almirall collaborates with various public and private entities, such as the Centro Superior de Investigaciones Científicas (CSIC), the Instituto de Investigación Biomédica and the Parc Científic de Barcelona[13] in Spain. Highlighted among the international alliances are those with the Imperial College London (United Kingdom) and the National Institute of Health (NIH) in the United States. Almirall participated in the creation of the Barcelona Respiratory Network Foundation.[14] In Europe, the company has contributed in several projects with the Innovative Medicines Initiative (IMI).

Centres

The R&D centre in Sant Feliu de Llobregat (Barcelona), houses the departments involved in all stages of R&D, as well as the development of new chemical entities. The Reinbek Centre of Excellence for Dermatology specializes in the development of new formulas for the treatment of skin diseases.

The company also has three production centres: two in Spain, the pharmaceutical plant in Sant Andreu de la Barca (Barcelona) and the pharmaceutical and chemical plant in Sant Celoni (Barcelona); and a pharmaceutical plant in Germany (Reinbek); as well as 13 affiliates in Germany, Austria, Belgium-Luxembourg, the United States, France, the Netherlands, Italy, the Nordic countries, Poland, Portugal, the United Kingdom-Ireland, Spain, and Switzerland.[15]

Numbers

2010 2011 2012 2013 2014 [16] 2015 [17] 2016 [18] 2017201820192020202120222023
Total revenue €1002,1 MM €873,1 MM €900,2 MM €825,5 MM €1.407,4 MM €769 MM €859,3 MM€755,8 MM€811,0 MM€908,4 MM€814,5 MM€836,5 MM€878,5 MM€898.8 MM
Net sales €882.4 MM €768.4 MM €682.9 MM €692.9 MM €786.4 MM €685 MM €764,4 MM€639,4 MM€756,9 MM€853,1 MM€807,4 MM€827,2 MM€863,2 MM€894.5 MM
% International sales - 50% 60% 62% 70% 68% 70%69%
% Sales of own medicines - - 59% 64% 70% 67% 77%68%
Investment in R&D [19] 16.4% of net sales 18.8% of net sales 23.4% of net sales 18% of net sales 12.8% of net sales 9.7% of net sales 12,9% of net sales13,7% of net sales11,6% of net sales10,8% of net sales10% of net sales9% de of net sales12% of net sales12% of net sales
Employees 2,831 2,765 2,871 3,000 2,100 1,889 1,9751.8321.8051.7651.7851.7861.8451.904
Affiliates 13 13 14 15 14 13 1313131313131515
R&D Centres [20] 3 3 3 3 2 2 32333211
Production centres 3 3 3 3 2 2 32222222

Main products

Brand Active ingredient Pathology
Ebastel Allergy
Monodox Severe Acne
Acticlate Doxycycline hyclate Severe Acne
Almogran Migraine
Tesavel and Efficib Diabetes
Solaraze Diclofenac sodium Actinic keratosis
Airtal Musculoskeletal pain
Decoderm Fungal dermatitis
Cordran Inflammation and itching of the skin
Parapres Hypertension
Almax Acidity
Dry skin
Cleboril Gastroesophageal reflux disease
Actikerall 5-Fluorouracil / salicylic acid Actinic keratosis
Sativex Spasticity in Multiple Sclerosis
Monovo Psoriasis
Ilumetri Psoriasis
Ebglyss LebrikizumabAtopic Dermatitis
WynzoraCalcipotriol/BetamethasonePsoriasis
Klisyri TirbanibulinActinic keratosis
SeysaraSarecyclineAcne
PhysiorelaxHelenalinMuscle and ligament massage

Notes and References

  1. Products «Products of Almirall S.A. » Retrieved 17 December 2014
  2. Web site: Annual results. 19 February 2024.
  3. Web site: Annual financial reports ALMIRALL, S.A. . cnmv.es . 19 February 2024 . 2024-03-29.
  4. Web site: Resultados de Almirall en 2023: Almirall registra un fuerte crecimiento del negocio dermatológico en Europa y avanza en su posición de liderazgo en dermatología médica .
  5. Web site: Almirall | About Almirall | History . 2023-05-31 . www.almirall.com . 29 September 2018 . https://web.archive.org/web/20180929080704/https://www.almirall.com/en/about-almirall/about-us/history/ . live .
  6. Web site: 19 February 2024. Almirall annual results . 2024-04-16 . La Vanguardia . es.
  7. Web site: Estado de información no financiera. Resumen de contenidos .
  8. Web site: Merger Of Almirall And Prodesfarma In Spain .
  9. Web site: Archived copy . 2023-05-31 . www.almirall.com . 2 August 2021 . https://web.archive.org/web/20210802153350/https://www.almirall.com/documents/10876/119719/AF_Brochure_Corporativo_2019_EN.pdf/5f8965ba-03ef-90c8-ceb7-9432896c7113?t=1562607154615 . live .
  10. Web site: Almirall launches new corporate ID to align with dermatology and aesthetic focus .
  11. Web site: Almirall completa la compra de la suiza Poli Group . 8 February 2016 .
  12. Web site: 2022-02-21 . Jorge Gallardo deja la presidencia de Almirall y cede el testigo a su hijo Carlos Gallardo . 2024-05-06 . El Español . es.
  13. Web site: 2020-08-10 . Home . 2023-05-31 . Parc Científic de Barcelona . ca . 10 May 2023 . https://web.archive.org/web/20230510195315/https://www.pcb.ub.edu/ . live .
  14. Web site: Esborrany automàtic – BRN . 2023-05-31 . ca . 26 March 2023 . https://web.archive.org/web/20230326082902/https://brn.cat/esborrany-automatic/ . live .
  15. Web site: Almirall Media | FAQs . 2023-05-31 . www.almirall.com . 26 October 2016 . https://web.archive.org/web/20161026155204/http://www.almirall.com/en/media/almirall-faqs . live .
  16. Web site: Archived copy . 2023-05-31 . www.almirall.com . 9 March 2016 . https://web.archive.org/web/20160309165305/http://www.almirall.com/documents/10876/303182/150414_2014_Annual_Report_Baixa.pdf . live .
  17. Web site: Archived copy . 2023-05-31 . www.almirall.com . 17 June 2016 . https://web.archive.org/web/20160617013314/http://www.almirall.com/documents/10876/303182/AnnualReport2015.pdf . live .
  18. Web site: Feel the Science . 2023-05-31 . www.almirall.com . Almirall.
  19. Partnering and Collaboration «Partnering and Collaboration » Retrieved 18 December 2014
  20. R&D in Key Therapeutic Areas «R&D in Key Therapeutic Areas » Retrieved 18 December 2014