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Basilea announces move of corporate headquarters to Allschwil, canton of Basel-Landschaft, in 2022

/EIN News/ -- Basel, Switzerland, June 30, 2020

Basilea Pharmaceutica Ltd. (SIX: BSLN) announced today that it has entered into a lease agreement for office space and laboratories at the new innovation park GRID, which is currently being built by SENN Resources AG in Allschwil, in the canton of Basel-Landschaft. Basilea plans to move to its new corporate headquarters at the GRID in mid-2022.

David Veitch, Chief Executive Officer, said: “Following the recent sale of our current corporate headquarter property, we are excited to now take the next important step towards moving the Basilea team, currently working at different locations across Basel, into one place. We will benefit from the close proximity to innovative start-up companies, academic institutions and other biotech companies in the emerging life sciences and technology cluster. Additionally, we expect a positive impact on our operating and capital expenses from this move.”

About GRID

Bordering on Basel City, the GRID (Grand Réseau d’Innovation et de Développement) is a new 50,000 m2 cornerstone in the booming biotech cluster of Allschwil, home to institutions like the Swiss Tropical and Public Health Institute and life sciences companies like Abbott, Actelion, and Idorsia and deemed to become one of Switzerland’s most important life sciences ecosystems. The new landmark campus-style building was developed by SENN and designed by Herzog & de Meuron architects, with Switzerland Innovation Park Basel Area and the University of Basel as direct neighbours.

About Basilea

Basilea Pharmaceutica Ltd. is a commercial-stage biopharmaceutical company, focused on the development of products that address the medical challenges in the therapeutic areas of oncology and infectious diseases. With two commercialized drugs, the company is committed to discovering, developing and commercializing innovative pharmaceutical products to meet the medical needs of patients with serious and life-threatening conditions. Basilea Pharmaceutica Ltd. is headquartered in Basel, Switzerland and listed on the SIX Swiss Exchange (SIX: BSLN). Additional information can be found at Basilea's website www.basilea.com

Disclaimer

This communication expressly or implicitly contains certain forward-looking statements, such as "believe", "assume", "expect", "forecast", "project", "may", "could", "might", "will" or similar expressions concerning Basilea Pharmaceutica Ltd. and its business, including with respect to the progress, timing and completion of research, development and clinical studies for product candidates. Such statements involve certain known and unknown risks, uncertainties and other factors, which could cause the actual results, financial condition, performance or achievements of Basilea Pharmaceutica Ltd. to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Basilea Pharmaceutica Ltd. is providing this communication as of this date and does not undertake to update any forward-looking statements contained herein as a result of new information, future events or otherwise.

For further information, please contact:

Peer Nils Schröder, PhD

Head of Corporate Communications & Investor Relations
Phone +41 61 606 1102
E-mail media_relations@basilea.com
investor_relations@basilea.com

This press release can be downloaded from www.basilea.com

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