The product, a biosimilar to Amgen's popular drug Neulasta, will be manufactured at Lupin's biotech facility in Pune
Indian cos like Biocon, DRL, Intas, Lupin stand to benefit from the proposed move
Biotechnology firm Biocon on Wednesday said its unit has inked a settlement and license agreement with Amgen Inc., paving the way for commercialisation of two biosimilars used in the treatment of osteoporosis and cancer-related bone conditions. Biocon Biologics has inked the pact with Amgen Inc for the commercialisation of Bosaya (denosumab-kyqq) and Aukelso (denosumab-kyqq) in the US, the company said in a regulatory filing. Bosaya 60 mg/mL injection in a single-dose prefilled syringe (PFS) and Aukelso 120 mg/1.7 mL (70 mg/mL) injection for subcutaneous use in a single-dose vial are biosimilars to Amgen's Prolia and Xgeva, respectively. These products are used in the treatment of osteoporosis and cancer-related bone conditions. Biocon Biologics and Amgen executed the settlement agreement to resolve the pending patent litigation at the US District Court for the District of New Jersey, the Bengaluru-based firm said. The agreement enables Biocon Biologics to launch Bosaya and Aukels
The partnership marks a strategic boost to Dr Reddy's oncology portfolio and expands Alvotech's biosimilar pipeline as Keytruda patents near expiry
Shreehas Tambe, MD & CEO, Biocon Biologics talks about refinancing, upcoming launches, and future roadmap, in a virtual interaction
Biocon Biologics bought Viatris' global biosimilars business last year to become one of the top five global players in the space
Cipla stock went up by almost 3 per cent on Tuesday
Biocon Biologics is an arm of biotechnology major Biocon
Analysts have raised doubts over the $1 billion guidance for biosimilars by FY22 and Hamacher's exit due to "professional differences"
Ramp-up and new biosimilars should help boost profit
The company is uniquely positioned in the US as it is the only Indian pharmaceutical firm with two commercialised biosimilars in the market
Data shows while the overall biosimilars category has clocked a 10.3% value compound annual growth rate (CAGR) over the past few years, the market size for the top molecule has more than doubled
Margins of biologics stood at 38% in Q1 as compared to 33% in the preceding quarter
The demand for biosimilars is bound to increase with more complex biologics going off-patent
The biosimilars opportunity is nascent today and the 2016 estimated market size was only $2.2 billion