FERRING A canton of Vaud’s success story VAUD ECONOMIC PROMOTION / FERRING GLOBAL EXPERT IN BIOPHARMACEUTICALS Swedish firm Ferring Pharmaceuticals, which excels in reproductive and maternal health and urology, has been established in the Vaud municipality of Saint-Prex since 2006. Its recent innovations include a new fertility treatment for women, introduced at the start of the year. It is the first fertility treatment that is administered via a personalized dosing regimen based on the level of anti-Müllerian hor- mone (AMH) and the weight of the woman. This individ- ualized approach means that each patient receives the correct dose right from the beginning of the treatment. Ferring’s investment in the Vaud site of Saint-Prex is estimated at CHF 30 million over the next three years. 2.3 billion is the amount of Ferring’s revenues in 2017 (CHF) 60 Ferring has subsidiaries in almost 60 countries “We are ideally located at the heart of Health Valley, where we can find highly qualified labor and where the quality of life is excellent,” says an enthusiastic Michel 700 Pettigrew, Executive Chairman of Ferring Holding Inc. employees Based in Saint-Prex in the canton of Vaud since 2006, this internationally renowned biopharmaceutical company fo- cuses much of its activity on research – identifying, devel- oping, and marketing innovative products in the sectors 110 of reproductive and maternal health, urology, gastroen- Ferring markets its products in 110 countries terology, endocrinology, and orthopedics. “Ferring has subsidiaries in almost 60 countries and mar- kets its products in 110 countries,” Pettigrew continues. “Our key markets are the USA, Europe, Japan, and China.” The site in Saint-Prex houses both the global head-quar- ters of the group – which generated revenues of 1.8 billion euros in 2016 – and a production factory which manufac- tures two products in the fields of gastroenterology (for the treatment of inflammatory intestinal illnesses) and urology (for the treatment of bed-wetting among children and nocturia among adults). ferring.com VAUD ECONOMIC PROMOTION / FERRING Well established in the region Increasing number of employees in Switzerland The Swedish company collaborates actively with the vari- “In 11 years we have doubled the number of staff we have ous members of the financial and institutional community in Saint-Prex,” says Pettigrew. The group employs 700 peo- in the region and chooses local suppliers and service pro- ple in total on its site in Vaud, covering all the needs of the viders. In terms of education, it has launched the Health- company, be they administrative, technical, or scientific. care Supply Chain Academy (HSCA) program in collabora- “Production operations in the wider sense of the term are tion with the International Institute for the Management of carried out by operators, engineers, chemists, and pharma- Logistics (IML/EPFL) and the companies Merck and Sup- cists. All trades are represented at Ferring,” says Pettigrew. ply Chain Operations. It also supports various local organi- In the years to come, the company intends to dominate the zations such as the Théodora and Perceval foundations. reproductive and maternal health sector both scientifically and commercially and become recognized as a global spe- In terms of the environment, the group has improved its cialist in urology and gastroenterology. transport policy by means of ride-sharing, while its “Olym- pic Ferring” initiative encourages employees to take part in regional sporting events. “Economic Development – Canton of Vaud (DEV) has always been front and center in supporting us.” Michel Pettigrew, Executive Chairman of Ferring Holding Inc. In 11 years, the number of employees at the Saint-Prex site has doubled to 700. INVALUABLE SUPPORT FROM THE ECONOMIC PROMOTION “Economic Development – Can- of us who have contributed to the with the regional authorities. We also ton of Vaud (DEV) has always been development of Ferring since 2006. hope to maintain our excellent work- front and center in supporting us, It is also recognition for our efforts ing relationship with the canton of in particular when we were looking in terms of local production, scien- Vaud, with whom we share common for our site at Saint-Prex,” said Ex- tific collaborations, job creation, values of quality of life, innovation, ecutive Chairman of Ferring Holding and support for the local communi- and expertise.” Inc. Michel Pettigrew. In 2015, the ty. Ferring is delighted to be estab- company won the “Vaud Interna- lished in the canton of Vaud. We tional Business Award” in the “For- are continuing our exchanges with eign Companies” category. “It was everyone involved on a financial, an honor and a real reward for all social, and political level, as well as [email protected] invest-vaud.swiss © VAUD 2019.