AbbVie pens yet another biosimilar Humira agreement
US drugmaker AbbVie (NYSE: ABBV) on Friday announced patent license agreements with Pfizer (NYSE: PFE) over its proposed biosimilar adalimumab product.
Under the terms of the agreements, AbbVie will grant Pfizer a non-exclusive license on specified dates to AbbVie's intellectual property relating to TNF inhibitor Humira (adalimumab) in the USA and in various other countries around the world in which AbbVie has intellectual property:
- Pfizer's US license will begin on November 20, 2023, and will not be accelerated by the entry of companies that have already taken a license.
- In the European Union, Pfizer can launch upon approval from the European Medicines Agency.
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