Biocad expects Indian approval of rituximab biosimilar soon
India’s Central Drugs Standard Control Organization (CDSCO) has recommended AcellBia, the first rituximab biosimilar made in Russia, for approval in India.
In August 2017, Biocad, one of Russia’s leading biotech firms, expects to receive permanent market authorization in India, which represents a strategic milestone for Biocad’s international expansion. AcellBia is a biosimilar of Swiss drug major Roche’s (ROG: SIX) blockbuster cancer drug MabThera (rituximab),
At present, the Indian market for rituximab exceeds $40 million, with an annual growth of 8%. According to experts, this volume may reach $58 million in the next five years.
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