Drug major Lupin today said its joint venture with Japanese firm Yoshindo, YL Biologics, has completed global phase III trials of its Etanercept biosimilar which has met successful outcome for rheumatoid arthritis.
The randomised trial of 52 weeks was conducted in 11 countries and included over 500 patients, Lupin said.
Lupin MD Nilesh Gupta told PTI: "Biosimilars are a big part of the generic story going forward. The successful completion of our Phase III trial of Etanercept biosimilar marks an important milestone in our biologics journey.
This helps us put together a robust regulatory dossier intended for global regulatory filings for YLB113, he added.
We currently have multiple high-value biosimilar candidates in our late-stage global development pipeline. We remain committed to advancing our biotech R&D capabilities so that more patients across the world can access affordable, high-quality biosimilars, Gupta said.
In the US market it would be later, may be one or one and a half year after that, he added.
Lupin has a pipeline of 7 biosimilars with a target market size of USD 24 billion and the key products include Ranibizumab and Pegfilgrastim, Karkaria said.
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)