Kamada, Takeda Discuss GLASSIA Manufacturing Transition

Kamada Ltd. is currently in discussions with Takeda to extend the period prior to transitioning the manufacture of GLASSIA, Kamada’s proprietary product for the treatment of Alpha-1 Antitrypsin Deficiency, to Takeda.  Kamada will provide additional information regarding the discussions at a later date.

Kamada previously has supplied GLASSIA to Takeda, or its predecessors, since 2010.  The GLASSIA supply agreement with Takeda currently extends through the end of 2020, followed by an expected transition of GLASSIA manufacturing to Takeda.  While the transition of GLASSIA manufacturing to Takeda after 2020 will result in a significant reduction of Kamada’s revenues, based on the current terms of the supply agreement, Kamada would be entitled to future royalty payments until 2040.

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