Alvogen and Prestige shake hands on European trastuzumab deal
Privately-owned US pharma company Alvogen and Prestige BioPharma have announced a commercialization partnership for the latter company's trastuzumab biosimilar in central and eastern Europe (CEE).
Hervelous, as the Singapore firm's biosimilar is known, is an approximation of Roche's Herceptin and is generally used to treat breast and gastroenterological cancers.
Lisa Park, chief executive of Prestige, said: "We are pleased to partner with Alvogen to commercialize our lead biosimilar program in CEE. It is an important step towards our mission to become a leading global biosimilars and biopharmaceuticals development company."
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