India-based biotech firm Biocon (BSE: 532523) has introduced Canmab, a biosimilar trastuzumab, for the treatment of HER2-positive metastatic breast cancer in India.
Developed jointly by Biocon and US generics company Mylan (Nasdaq: MYL) under a global partnership, Canmab is the world’s first biosimilar version of Swiss drug major Roche’s(ROG: SIX) Herceptin (trastuzumab). It was approved in India in November.
Kiran Mazumdar-Shaw, chairperson and managing director of Biocon, said: “Biocon intends to make a significant difference in the treatment paradigm for HER2-positive breast cancer in India by enhancing access to more affordable treatment with Canmab which offers the same level of safety and efficacy as the reference product. The launch of Canmab in India is an important milestone for our biosimilars program and demonstrates our ability to deliver on our promise of affordable innovation with a high quality, world- class product.”
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