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Insights+ Key Biosimilars Events of January 2024

Insights+ Key Biosimilars Events of January 2024

Shots:  Biosimilars are developed to be highly similar versions of approved biologics in terms of safety, purity, and potency   Biosimilars are expected to be a cost-effective alternative to the high-priced branded biologics, offering significant and much-needed cost savings to both payers and patients   During January, Coherus BioSciences divested its Ophthalmology Franchise that included Cimerli and Glenmark launched…

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Coherus BioSciences to Divest its Ophthalmology Franchise to Sandoz for $170M Up Front 

Shots :Coherus signs an agreement with Sandoz to divest its ophthalmology franchise which includes a lead asset Cimerli (ranibizumab-eqrn) along with its supporting commercial infrastructure As per the terms of the agreement, Coherus will receive an all-cash consideration of $170M as up-front payment along with an additional amount for Cimerli product inventory &…

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