GRUNENTHAL GMBH

History

YearDetail
1946 The Stolberg-based entrepreneurial family Wirtz founded a pharmaceutical company named “Chemie Grünenthal GmbH.”
1947 Grunenthal acquired a large site in Aachen-Eilendorf from the local government to build a modern research center and raw material production facility.
2020 Grunenthal established its Innovation Hub in Boston, Massachusetts, to strengthen and expand its network with leading scientists and institutions.
2020 The company acquired the European rights to CRESTOR and its associated brands from AstraZeneca for a total consideration of up to $350 million.
2021 The company acquired Mestex AG, a Swiss biotech company that developed the innovative investigational medicine MTX-071 (resiniferatoxin) for the intra-articular treatment of pain associated with knee osteoarthritis.
2022 The company acquired Nebido, the well-known brand for treating male hypogonadism and its associated brands, from Bayer AG.
2022 Kyowa Kirin Co., Ltd., a Japan-based global specialty pharmaceutical company, signed a joint venture with Grunenthal to develop Kyowa Kirin International's established medicines portfolio.
2023 Grunenthal and King’s College London collaborated to develop microfluidic culture (MFC) models based on human induced pluripotent stem cells (iPSCs) tailored to pain research.
2024 The company acquired US-based Valinor Pharma, LLC. and its product Movantik, with a total deal value of approximately $250 million, including all royalty obligations. This acquisition will further expand Grunenthal's portfolio of established medicines and add to the company’s growing U.S. business.
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