AbbVie enters another license deal for Humira biosimilar
US drugmaker AbbVie (NYSE: ABBV) has entered patent license agreements with Mylan (NYSE: MYL) over its proposed biosimilar to AbbbVie’s mega-blockbuster drug Humira (adalimumab).
Under the terms of the agreements, AbbVie will grant Mylan a non-exclusive license on specified dates to AbbVie's intellectual property relating to Humira in the USA and in various other countries around the world in which AbbVie has intellectual property, excluding Europe.
As the world’s best-selling drug, the arthritis treatment generated global sales of $18.4 billion for AbbVie in 2017.
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