The 2 companies say that they will focus on biosimilars of originator products that will face patent expiry in 2025 to 2030.
STADA and Xbrane Biopharma recently announced that they have expanded their biosimilar collaboration to evaluate potential collaboration on additional products.
The 2 companies say that they will focus on biosimilars of originator products that will face patent expiry in 2025 to 2030. Two programs have been identified as targets of the collaboration: a certolizumab pegol product referencing Cimzia, and a nivolumab product referencing Opdivo. Both of these proposed products are in preclinical development.
For these 2 products, up to the time of the initiation of clinical trials, the companies will evaluate and negotiate potential development and commercialization agreement. During this period, Xbrane has given STADA a right of first refusal to license the 2 products in Europe.
The companies also plan to evaluate potential collaborations on additional biosimilars in the future.
Currently, the 2 drug makers have entered into a development agreement for a ranibizumab biosimilar referencing Lucentis. Under the terms of the agreement, both companies will contribute equally to development expenses, and will share the profits from commercialization in an even split.
STADA last year announced its intention to increase its presence in biosimilars by becoming the majority shareholder in another company, Bioceuticals, which is responsible for the production of erythropoietin. Previously, the company issued sales licenses to third parties such as Stadapharma, a subsidiary of STADA, for the marketing of the biosimilar epoetin zeta (sold in the European Union under brand name Silapo).
The epoetin biosimilar is also sold under an agreement between STADA and Hospira, a Pfizer subsidiary, under the brand name Retacrit.
Partnering for Biosimilar Security: India's Role in US Health Care Savings, Supply Chain Stability
May 9th 2024As Indian pharmaceutical companies supplied 4 of every 10 prescriptions in the US in 2022, generating $1.3 trillion in health care savings, a new IQVIA report highlights concerns about supply chain risks and advocates for partnerships to bolster biosimilar security and overall supply chain resilience.
Exploring the Biosimilar Horizon: Julie Reed's Predictions for 2024
February 18th 2024On this episode of Not So Different, Julie Reed, executive director of the Biosimilars Forum, returns to discuss her predictions for the biosimilar industry for 2024 and beyond as well as the impact that the Forum's 4 new members will have on the organization's mission.
Biosimilar Business Roundup for October 2023—Podcast Edition
November 5th 2023On this episode, we discuss the biggest news to come out of October 2023, including 3 regulatory approvals, 2 complete response letters, and new data and industry insights that have the potential to impact the entire US biosimilar industry.
Global Biosimilar Market Projected to Reach $1.3 Trillion by 2032
April 11th 2024The global biosimilar market is projected to surge from $25.1 billion in 2022 to approximately $1.3 trillion by 2032, with a compound annual growth rate of 17.6%, driven mainly by the increasing prevalence of cancer and the cost-effectiveness of biosimilars, as outlined in a report by Towards Healthcare.