· Basilea in-licensed ceftibuten-ledaborbactam etzadroxil, a Phase Ill-ready oral BL/BLl antibiotic for multidrug-resistant cUTI,from Venatorx, strengthening its late-stage pipeline to develop Debio 2512, a next-gen ADC using its MultiLINKTM and US approvals anymore. Instead, in 2025 more key approvals based trispecific M-gager@ forautoimmune diseases, providing were also obtained in other significant markets, such as China and Canada. In terms of new product approvals in Switzerland (approvals by Swissmedic), a similar trend could be observed. In 2025, Swissmedic approved 40 new products (2024: 46 commercialization ofWIN027, a highly potent, long-acting and dermatology diseases. With a deal ofup to USD 7OO million, commercialize WIN027 globally, excluding China. prestigious awards throughout 2025. These awards included: Spark Award - Der Deutsche Digitalpreis, which recognizes In 2025, the industry saw fewer regulatory approvals, following outstanding deep-tech innovation across Germany, Austria, in 2025 (2024: 114 new drugs); similarly, there was a slight
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