Heidelberg Pharma AG Announces Adjustment of Guidance
Heidelberg Pharma AG today announced that it has adjusted its guidance for the current fiscal year published on 24 March 2022. The license agreement with the strategic partner Huadong Medicine Co., Ltd., Hangzhou, China, and the corresponding license payment increased Heidelberg Pharma’s sales revenue significantly. Development expenses remained below planning due to the later production of intermediate steps for the follow-on candidates. Both factors have an influence on the operating result that will improve and funding requirements for fiscal year 2022 will decrease.