Similis Bio Collaboration with Novel351k to Develop Multiple Biosimilar Programs for Cancer and Autoimmune Diseases
Shots:
- The companies collaborated to co-develop 3 biosimilar programs across hard-to-treat diseases. The collaboration combines Similis’ broad CMC expertise with Novel351k’s innovative clinical approach to advance the delivery of life-saving therapies to eligible patients at lower cost
- Similis will lead the cell line development, analytics, process development & cGMP production, leading to PK/PD trials. Novel351k will use its experience with regulatory and clinical strategies to advance the program's development toward commercialization
- The therapies developed under the collaboration have a $15B+ annual market value. Under the co-development agreement, Similis Bio & Novel351k is expected to be valued at $100M incl. development milestones and royalties for ~10yrs.
Ref: Businesswire | Image: Similis Bio
Related News:- Similis Bio Entered into a Development and License Agreement with Blau Farmaceutica to Co-Develop Four Biosimilar Programs
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