Press release

Oncopeptides announces successful price negotiations for Pepaxti in Germany

September 26, 2023

Stockholm – September 26, 2023 – Oncopeptides AB (publ), a biotech company focused on difficult-to-treat cancers, today announces that following negotiations between Oncopeptides and the German Federal Joint Committee National Association of Statutory Health Insurance Funds (GKV-Spitzenverband), a reimbursed price for Pepaxti has been agreed on in Germany. The negotiated reimbursed price in Germany, which will also guide negotiations in other European markets, is reflective of the innovation Pepaxti brings to the market, and in line with the company´s financial projections.

“Germany’s system for setting reimbursed prices is designed to balance the need for patient access to innovative medicines, ensure the financial sustainability of the healthcare system, and provide fair returns to pharmaceutical manufacturers for their innovations. We are happy that we have been able to agree on a price that we believe reflect the innovative nature of Pepaxti and is fair,” says Sofia Heigis, CEO of Oncopeptides. “Given the complexities of commercializing a drug within the EU, achieving a fair price cannot be taken for granted, and we see this step as a confirmation of the already strong belief we have in our product, and it allows us to continue our ambitious commercialization effort across Europe.”

Several factors decide the reimbursed price of a new drug, including the innovation the drug adds and the existence of existing treatments (comparators) for the same condition in the same line of treatment. The negotiated price is valid for Pepaxti in its current indication.

For more information, including a Q&A for investors, please visit Oncopeptides’ web site.