Bio-Thera signs biosimilars deal with Gedeon Richter
Guangzhou, China-based Bio-Thera Solutions (688177: SH), a commercial-stage biopharmaceutical company developing a pipeline of innovative therapies and biosimilars, and Hungary’s Gedeon Richter (RICHT: HB) have reached an exclusive commercialization and license agreement.
Bio-Thera will maintain responsibility for development, manufacturing, and supply of BAT2206 and Bio-Thera has filed BAT2206 for regulatory approval with the European Medicines Agency (EMA) on July1, 2024. For its part, Richter will have exclusive rights to commercialize the product in the European Union (EU), the UK, Switzerland and selected other countries.
Bio-Thera has previously reached a licensing and supply agreements with Pharmapark for BAT2206 with Pharmapark for exclusive rights to distribute and market the drug with a status of a local product in Russia and other Commonwealth of Independent States (CIS) countries.Bio-Thera also out-licensed this biosimilar to Hikma Pharmaceuticals (LSE: HIK) to commercialize the product in the USA.
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