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Darbepoetin Alfa Biosimilar Is on Tap for Persian Gulf
Chong Kun Dang of the Republic of Korea has entered a licensing deal for the distribution of a darbepoetin alfa biosimilar in the Gulf region.
Two companies have entered a commercialization deal for what they said would be the first darbepoetin alfa biosimilar distributed in the Persian Gulf. Darbepoetin alfa is intended for the treatment of anemia associated with chronic renal failure. In the United States, darbepoetin alfa is distributed as Aranesp, an originator product.
The biosimilar (Nesbell) is currently approved in the Republic of Korea and would be marketed by Menagen Pharmaceutical Industries in the 7-member Arab states of the Persian Gulf: Bahrain, Kuwait, Iraq, Oman, Qatar, Saudi Arabia, and the United Arab Emirates.
The other partner to the deal is Chong Kun Dang Pharmaceutical (CKD), of Republic of Korea. “Through this collaboration with CKD we are establishing our biosimilar footprint in Middle East and Africa markets and reaching more people living with severe chronic diseases. We aim to provide broad accesses to patients with unmet medical needs by leveraging Menagen’s local expertise and capabilities,” CKD said in a statement.
Menagen was described as a biomanufacturing facility based in Muscat, Oman, with plans to expand operations into agents for oncology, hematology, nephrology, and other various medicines. These would include biosimilars and orphan drugs.
Cencora Analysis Shows Differences in Payer Coverage Between G-CSF Biosimilars
May 2nd 2024Data from a Cencora study showed some misalignment in payer coverage of granulocyte colony-stimulating factor (G-CSF) biosimilars, highlighting that while filgrastim biosimilars are often favored over the originator, reference pegfilgrastim still dominates over its biosimilars.
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.
A New Chapter: How 2023 Will Shape the US Biosimilar Space for 2024 and Beyond
December 31st 2023On this episode of Not So Different, Cencora's Brian Biehn and Corey Ford take a look back at major policy and regulatory advancements in 2023 and how these changes will alter the space going forward.
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.
