Rovi will increase its revenues between 5% and 10% in 2023 compared to 2021 and reinforces collaboration with Moderna

MADRID, 23 Nov.

Rovi will increase its revenues between 5% and 10% in 2023 compared to 2021 and reinforces collaboration with Moderna

MADRID, 23 Nov. (EUROPA PRESS) -

Rovi will increase its operating income between 5% and 10% next year compared to those achieved in 2021, while reinforcing its collaboration with Moderna, as reported this Wednesday to the National Securities Market Commission (CNMV).

Likewise, the growth rate of operating income in 2023 will register a decrease in the low band of the second ten compared to 2022.

One of the main levers for growth will be manufacturing for third parties, which includes the acquisition of new customers, the increase in capacity and the agreement with Moderna.

In fact, Rovi and Moderna have extended their long-term collaboration for mRNA drug manufacturing over the next ten years.

The company announced a long-term collaboration with Moderna to increase formulation, aseptic filling, inspection, labeling and packaging capabilities at Rovi's facilities in Madrid, San Sebastián de los Reyes and Alcalá de Henares.

This new agreement includes a series of investments that are expected to increase manufacturing capacity at Rovi's facilities in Madrid.

In addition to producing Moderna's Covid-19 vaccine, Rovi's platform may also be used to service future Moderna mRNA vaccine candidates.

However, Rovi has recognized that it is facing a new post-pandemic scenario of Covid-19 in which the uncertainty associated with the evolution of the disease is very high, so it is not possible to accurately assess the impact that this new scenario could have in its manufacturing business to third parties.

Apart from manufacturing for third parties, the new product distribution licenses, the launch and marketing of Okedi in Europe or the heparin division will boost Rovi's growth.

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