Gedeon Richter Signs an Asset Purchase Agreement with Mycenax for Biosimilar Tocilizumab to Treat Rheumatoid Arthritis
Shots:
- Mycenax to get $5M upfront and will get $16.5M as total deal value in four installments. Richter to get exclusive WW rights to develop- manufacture and commercialize biosimilar tocilizumab
- The focus of the agreement is to bolster its rheumatology portfolio with addition of Mycenax’s candidate. The biosimilar tocilizumab assets comprise the cell lines- intellectual property (IP) rights- technology know-how also the data generated by Mycenax
- Tocilizumab is an investigational product formulated as subcutaneous and intravenous formulations targeted for RA with expected commercialization in EU- Canada- Australia and Japan in 2025 and is approved for paediatric juvenile idiopathic arthritis- systemic juvenile idiopathic arthritis- giant cell arteritis and CAR-T cell-induced cytokine release syndrome
Click here to read full press release/ article | Ref: Gedeon Richter | Image: Behance
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