UCB

UCB S.A.

Type	Public (Euronext: UCB)
Founded	1928
Headquarters	Brussels, Belgium
Key people	Karel Boone (Chairman of the board), Roch Doliveux (CEO)
Industry	Pharmaceuticals
Products	Biopharmaceuticals
Revenue	€3.601 billion (2008)[1]
Operating income	▲ €113 million (2008)[1]
Profit	▲ €42 million (2008)[1]
Employees	11,290 (2008)[1]
Website	www.ucb.com

UCB (Union chimique belge; Euronext: UCB), is a biopharmaceutical manufacturer headquartered in Brussels (Belgium).

History

UCB was founded in 1928 by Emmanuel Janssen, a Belgian businessman. Initially focused on industrial chemicals, the company also included a small pharmaceutical division based around Meurice Laboratories.

In the early 1950s, UCB set up a research centre where new medicines such as Atarax (hydroxyzine) were developed. Successful sales enabled the pharmaceutical division to expand, and led to the discovery of another important compound, called piracetam. This was marketed in the 1970s as Nootropil and used to treat memory and balance problems. It remains one of UCB's key products. At this time, UCB was a company focusing on three core areas: pharmaceuticals, chemicals and films.

The success of Nootropil made it possible for UCB to build a modern pharmaceutical site in Braine-l'Alleud, south of Brussels. There, UCB developed Zyrtec (cetirizine), a blockbuster antihistamine. Other important products have followed including Keppra (levetiracetam), Xyzal (levocetirizine), and Cimzia (certolizumab pegol).

At the end of 2002, the chemicals and films divisions were merged and UCB added the resins, additives and adhesives activities of Solutia, to form the surface specialties division. The films part has since been sold to Innovia Films (in September 2004). The chemicals division, Methylamines and Derivatives was spun off and later sold to form the company Taminco.

In May 2004, UCB acquired the British biotechnology company Celltech, followed in March 2005 by the sale of the surface specialties business to Cytec Industries. By divesting all of its non-pharmaceutical activities, and acquiring Celltech, UCB has transformed itself into a global biopharmaceutical company.^[2]

In 2006 UCB started the purchase of the German pharmaceutical company Schwarz for €4.4 billion^[3]. As of July 2007 UCB holds approximately 87% of Schwarz's outstanding shares. The purchase of Schwarz enabled UCB to introduce two new drugs against CNS disorders: Neupro (rotigotine), a transdermal patch for treatment of Parkinson's disease and Vimpat (lacosamide), a new anticonvulsant. Another new drug of the Schwarz portfolio, Toviaz (fesoterodine), a compound to treat overactive bladder, was licensed to Pfizer in 2006.

In late summer 2008 the company announced that it will abolish 2400 jobs worldwide.

Operations

The Company's efforts are focussed on treatments for severe diseases treated by specialists, particularly in the fields of central nervous system (CNS) disorders (including epilepsy), inflammatory disorders (including allergy), and oncology.

References

External links

• Official site

Companies portal

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