Aurobindo Pharma forays into biosimilars development
DSIJ Intelligence / 10 Feb 2017
Aurobindo Pharma has acquired four cell culture derived biosimilar products from TL Biopharmaceutical AG. As part of this agreement, TL will supply all the developmental data for four molecules.
Aurobindo Pharma has acquired four cell culture derived biosimilar products from TL Biopharmaceutical AG. As part of this agreement, TL will supply all the developmental data for four molecules. It will develop, commercialise and market these products globally.
Aurobindo Pharma's three acquired products from monoclonal antibodies in oncology is very promising. The company is intended to file for regulatory approval in the period 2020-22. It is preparing to take its lead molecule from this transaction, a Bevacizumab biosimilar, for clinical trials in 2017.
Aurobindo Pharma's strategic investment for future growth will position the company as a strong player in the rapidly evolving biosimilars landscape. The company is diversifying its portfolio of eight more next wave of biosimilars ensuring a strong and diverse products pipeline.
Aurobindo Pharma has set up a fully functional R&D center for biologics development. The company is also establishing a state-of-art manufacturing facility in Hyderabad, Telangana which would be ready by Q2FY18.
The share price of Aurobindo Pharma declined by 3.23 per cent in an early trade and is trading at Rs 684.5 in an intraday basis.
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