Xbrane Biopharma and STADA Team Up with Valorum Biologics for Commercializing Xlucane (Biosimilar, Ranibizumab) Across the US
Shots:
- Xbrane & STADA have signed an exclusive license agreement with Valorum Biologics to commercialize Xlucane, biosimilar of ranibizumab, across the US
- As per the agreement, both companies will complete the regulatory approval process; Xbrane to handle commercial manufacturing & supply. Post approval, Valorum will take care of sales, marketing & other commercial activities of LUCAMZI (Xlucane)
- Valorum will make a payment of $45M as license fee incl. regulatory & sales milestones plus sales-based royalties, to be shared b/w both. Furthermore, as per separate agreement, product will be supplied by Xbrane to Valorum at double-digit mark-up over cost of goods sold (CoGS)
Ref: Xbrane | Image: Xbrane
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Disha is a content writer at PharmaShots. She is passionate and curious about recent updates and developments in MedTech and Pharma industry. She covers news related to clinical trial results and updates. She can be contacted at connect@pharmashots.com.
