Henlius taps Latin America for its biosimilars with Brazil's Eurofarma; Greatsun, Ascletis Pharma
Elise Mak ·05/12/2022

Top news story of the day:

Henlius taps Latin America for its biosimilars with Brazil's Eurofarma

Shanghai's Henlius Biotech has made a deal worth up to $50.5 million with Brazil's Eurofarma to produce and market three of its biosimilars.

This further marks Chinese drugmakers' foray into emerging markets with biosimilars that cost a fraction of the price of the originator drugs.

The three products are bevacizumab, rituximab and trastuzumab, all expected to be first marketed in 2024. Henlius receives $4.5 million upfront and is entitled to regulatory milestone payments of up to $3 million and commercial sales milestone payments of up to $43 million.

The territories covered by this licensing agreement include Brazil, Costa Rica, El Salvador, Guatemala, Honduras, Nicaragua, Panama, Dominican Republic, Mexico, Argentina, Bolivia, Paraguay, Uruguay, Chile, Ecuador and Colombia. Eurofarma said in 2020, there were almost 1.5 million new cases of cancer in Latin America and the Caribbean alone.

In February, Henlius also inked a licensing deal with Pakistan's Getz Pharma to bring its adalimumab biosimilar to Pakistan, the Philippines, Vietnam, Cambodia, Myanmar, Nigeria, Kenya, Sri Lanka, Ukraine, Kazakhstan and Uzbekistan.

By Elise Mak

What else in China:

Greatsun has completed a Series A financing of tens of millions of RMB for the development of active targeted delivery technologies and large molecule innovative drugs.

Ascletis Pharma announced U.S. IND approval of ASC22 (Envafolimab) for immune restoration/functional cure of HIV-1 infected patients.

By Sarina Yang

Keywords: Henlius Greatsun Ascletis Pharma
Copyright © 2016-2022 PharmaDJ .All Rights Reserved.   Suggestions and feedback: Support@PharmaDJ.com   Record/License No.:沪ICP备17054709号-1  
About PharmaDJ | Subscription | Contact Us | Copyright Statement