Empresas y finanzas

Ipsen: Appointment of Frederic Babin as Executive Vice President, Human Resources



    Regulatory News:

    Ipsen (Paris:IPN) today announced the appointment, of Frederic
    Babin as Executive Vice-President, Human Resources and member of
    Ipsen´s Executive Committee.

    Frederic Babin, 47, has over 20 years experience in the field of
    Human Resources with more than 15 years spent in international
    environments and in a variety of different sectors.

    He started his career at Pasteur Vaccins where he took part in
    creating a Joint Venture with the Merieux Institute to form the
    Pasteur Merieux Serums & Vaccins company. He also was Executive
    Vice-President Human Resources for Europe at the Hill-Rom US company,
    specialising in hospital beds and EVP Human Resources for medical
    activities at Air Liquide. He was also Head of Human Resources for
    other industry sectors such as the car industry where he worked for
    the English car components manufacturer, Wagon before joining Ipsen.
    He holds a Master of Business Law (Paris II-Assas) and a post-graduate
    diploma (DEA, Diplome d´Etudes Approfondies) of Labour Law.

    About Ipsen

    Ipsen is a European pharmaceutical group with over 20 products on
    the market and a total worldwide staff of nearly 4,000. The company´s
    development strategy is based on a combination of products in targeted
    therapeutic areas (oncology, endocrinology and neuromuscular
    disorders) which are growth drivers, and primary care products which
    contribute significantly to its research financing. This strategy is
    also supported by an active policy of partnerships. The location of
    its four R&D centres (Paris, Boston, Barcelona, London) gives the
    Group a competitive edge in gaining access to leading university
    research teams and highly qualified personnel. In 2007, Research and
    Development expenditure was EUR 185 million, in excess of 20% of
    consolidated sales, which amounted to EUR 920.5 million while total
    revenues amounted to EUR 993.8 million (in IFRS). More than 700 people
    in Research & Development are dedicated to the discovery and
    development of innovative drugs for patient care. Ipsen´s shares are
    traded on Segment A of Eurolist by Euronext(TM) (stock code: IPN, ISIN
    code: FR0010259150). Ipsen´s shares are eligible to the "Service de
    Reglement Differe" ("SRD") and the Group is part of the SBF 120 index.
    For more information on Ipsen, visit our website at www.ipsen.com.

    Ipsen Forward-looking statements

    The forward-looking statements and targets contained herein are
    based on Ipsen´s management´s current views and assumptions. Such
    statements involve known and unknown risks and uncertainties that may
    cause actual results, performance or events to differ materially from
    those anticipated herein. The targets contained herein were prepared
    without taking into account external growth assumptions, which may
    alter the parameters. These targets are based on data and assumptions
    regarded as reasonable by the Group and depend on conditions or facts
    likely to happen in the future, and not exclusively on historical
    data. Actual results may depart significantly from the targets given
    the occurrence of certain risks and uncertainties. The Group does not
    commit nor gives any guarantee that it will meet the targets mentioned
    above. Moreover, the Research and Development process involves several
    stages at each of which there is a substantial risk that the Group
    will fail to achieve its objectives and be forced to abandon its
    efforts in respect of a product in which it has invested significant
    sums. Therefore, the Group cannot be certain that favourable results
    obtained during pre-clinical trials will be confirmed subsequently
    during clinical trials, or that the results of clinical trials will be
    sufficient to demonstrate the safe and effective nature of the product
    concerned. Moreover, the targets described in this document were
    prepared without taking into account external growth assumptions,
    which may alter these parameters. These targets are based on data and
    assumptions regarded as reasonable by the Group. These targets depend
    on conditions or facts likely to happen in the future, and not
    exclusively on historical data. Actual results may depart
    significantly from these targets given the occurrence of certain risks
    and uncertainties. The Group does not commit nor gives any guarantee
    that it will meet the targets mentioned above. Ipsen expressly
    disclaims any obligation or undertaking to update or revise any
    forward looking statements, targets or estimates contained in this
    press release to reflect any change in events, conditions, assumptions
    or circumstances on which any such statements are based, unless so
    required by applicable law. Ipsen´s business is subject to the risk
    factors outlined in its information documents filed with the French
    Autorite des Marches Financiers.