Showing posts with label biosimilar. Show all posts
Showing posts with label biosimilar. Show all posts
Friday, 12 February 2016
EMA accepts Sandoz's MAA for biosimilar pegfilgrastim
Sandoz, a Novartis company and the global leader in biosimilars,
announced that the European Medicines Agency (EMA) has accepted their
Marketing Authorisation Application (MAA) for its biosimilar to Amgen's
EU-licensed Neulasta (pegfilgrastim) - a long-acting recombinant human
granulocyte colony-stimulating factor (G-CSF). Sandoz is seeking
approval for the same indication as the reference product.
Tuesday, 24 March 2015
Pfenex gets early HSR clearance for collaboration with Hospira
Pfenex Inc., a clinical-stage biotechnology company engaged in the
development of biosimilar therapeutics including high value and
difficult to manufacture proteins, announced that the Federal Trade
Commission has granted early termination of the waiting period under the
Hart-Scott-Rodino Antitrust Improvements Act of 1976 (HSR Act) in
connection with the exclusive collaboration agreement executed by the
company on February 9, 2014 with Hospira, Inc. to develop and
commercialize, PF582, Pfenex's biosimilar product candidate to
Genentech's Lucentis (ranibizumab injection).
With the early termination of the applicable waiting period under the HSR Act, the collaboration agreement with Hospira is effective as of March 19, 2015 and the $51 million initial payment under the collaboration agreement is due to the company on or before the fifth business day following HSR clearance.
With the early termination of the applicable waiting period under the HSR Act, the collaboration agreement with Hospira is effective as of March 19, 2015 and the $51 million initial payment under the collaboration agreement is due to the company on or before the fifth business day following HSR clearance.
Thursday, 17 April 2014
Biopharma - India Market
Industry experts are confident that
there is no way for US to ignore India now. There is expertise, cost advantage
and comprehension about biologics production which has led global pharma majors
partner with many companies here, they point out.
For instance, till five years ago most biosimilar developing firms were
contracting development of cell lines to USA and UK. Recently, however, this
trend has changed with certain Indian firms, such as Reliance Lifesciences,
Cipla and Biocon being able to develop cell lines in-house.
While the US depends on China and South East Asia for outsourcing, there is a
clear sign that despite the Euro crisis, several companies are coming up in the
European Union for the production of biosimilars and are looking at India. The
European Medicines Agency guidelines are already in place for biosimilars and
vaccines for Indian companies to initiate the process.
The demand for biosimilars is likely to increase as Indians are becoming more
affluent and healthcare insurance coverage widens. Moreover, considering the
cost advantages that India can provide, the country has a great potential for
future growth in the biosimilars market.
The high cost of biologics has contributed to the increasing and unsustainable
overall health expenses throughout the world. In the US, 43% of the drug budget
for Medicare Part B is consumed by 6 biologic drugs. This immense burden has
led many countries to develop a regulatory framework which can approve biosimilars
to provide entry of low cost alternatives to originator drugs, according to Dr.
Reddy’s Biologics Devpt Centre.
For instance, till five years ago most biosimilar developing firms were contracting development of cell lines to USA and UK. Recently, however, this trend has changed with certain Indian firms, such as Reliance Lifesciences, Cipla and Biocon being able to develop cell lines in-house.
While the US depends on China and South East Asia for outsourcing, there is a clear sign that despite the Euro crisis, several companies are coming up in the European Union for the production of biosimilars and are looking at India. The European Medicines Agency guidelines are already in place for biosimilars and vaccines for Indian companies to initiate the process.
The demand for biosimilars is likely to increase as Indians are becoming more affluent and healthcare insurance coverage widens. Moreover, considering the cost advantages that India can provide, the country has a great potential for future growth in the biosimilars market.
The high cost of biologics has contributed to the increasing and unsustainable overall health expenses throughout the world. In the US, 43% of the drug budget for Medicare Part B is consumed by 6 biologic drugs. This immense burden has led many countries to develop a regulatory framework which can approve biosimilars to provide entry of low cost alternatives to originator drugs, according to Dr. Reddy’s Biologics Devpt Centre.
Subscribe to:
Posts (Atom)