Biogen agrees with Samsung Biologics to sell its equity stake in their biosimilar joint venture for up to $2.3 billion.
Biogen and Samsung Bioepis have built the industry leading anti-TNF portfolio in Europe. Upon the acquisition of Biogen’s stake, the companies will continue with their exclusive agreements, including commercialization of their current portfolio. This includes marketed products Benepali (etanercept), a biosimilar referencing Enbrel, Imraldi (adalimumab), a biosimilar referencing Humira, and Flixabi(infliximab), a biosimilar referencing Remicade. Additionally, Biogen will also retain commercial rights for Byooviz (ranibizumab-nuna), an approved biosimilar referencing Lucentis (ranibizumab), as well as an investigational biosimilar candidate in development, SB15 (aflibercept), a proposed biosimilar referencing Eylea.
Learning Zones
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