Hexal AG
↗Holzkirchen, Germany
Hexal AG is a leading German pharmaceutical company specializing in the development, production, and marketing of generic medicines and biosimilars. Founded in 1986, the company has grown to become one of the largest generics manufacturers in Germany, offering a portfolio of over 400 active ingredients and approximately 2,800 products. Hexal is a key brand under the Sandoz Group, which is the global leader in off-patent medicines.
The company's portfolio spans a wide range of therapeutic areas, including oncology, immunology, cardiology, and pain management. Hexal is particularly recognized for its pioneering role in the biosimilars market, having launched some of the first biosimilar products in Europe. Following the spin-off of Sandoz from Novartis in late 2023, Hexal continues to operate as a core subsidiary, leveraging its extensive manufacturing footprint in Germany to provide affordable healthcare solutions globally.
CLASSIFICATION
SIZE & FINANCIALS
Employees:5001-10000
Revenue:$10.4B (Sandoz Group 2024)
Founded:1986
Ownership:subsidiary
Status:operating
FUNDING
Stage:Acquired
Investors:Novartis (Former Parent), Sandoz Group AG (Current Parent)
STOCK
Exchange:SIX Swiss Exchange
Ticker:SDZ (Parent: Sandoz Group AG)
Market Cap:$19.2B (Sandoz Group)
PIPELINE
Stage:Commercial
Lead Drug Stage:Commercial
Modalities:Small molecule, mAb, Biosimilars, Injectables
Active Trials:28
Trial Phases:Phase 1: 5 | Phase 2: 3 | Phase 3: 10 | Phase 4: 10
FDA Approvals:15
EMA Approvals:25
CORPORATE STRUCTURE
Parent Company:Sandoz Group AG
Acquired By:Sandoz Group AG (formerly part of Novartis) (2005-06-01)
Subsidiaries:Salutas Pharma GmbH, Aeropharm GmbH, 1A Pharma GmbH
Key Partnerships:Samsung Bioepis (Commercialization of Pyzchiva), Polpharma Biologics (Development of Tyruko), Just-Evotec Biologics (Manufacturing collaboration), Bio-Thera Solutions (Bevacizumab biosimilar)
COMPETITION
Position:Leader
Competitors:Teva (Ratiopharm), STADA Arzneimittel AG, Viatris, Fresenius Kabi, Zentiva, Accord Healthcare
LEADERSHIP
Key Executives:
Thomas Weigold - CEO of Hexal AG & Country President Sandoz Germany
Matthias Weber - CFO of Hexal AG
Scientific Founders:Thomas Strüngmann, Andreas Strüngmann
Board Members:Richard Saynor (CEO Sandoz Group), Gilbert Ghostine (Chairman Sandoz Group)
LINKS
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