EC approves Ranivisio, a biosimilar to Lucentis
Israeli generics giant Teva Pharmaceutical Industries (NYSE: TEVA) announced that the European Commission (EC) has granted a Marketing Authorization for Ranivisio/FYB201 (ranibizumab), a biosimilar of the ophthalmology treatment Lucentis across all five indications in adults for which Lucentis is authorized.
Teva entered into a strategic partnership with Bioeq in June 2021 for the exclusive commercialization of ranibizumab and intends to launch the product throughout Europe following its July ’2022 debut in the UK under the tradename Ongavia. Bioeq is the Switzerland-based of Dutch firm Polpharma Biologics and Germany’s Formycon.
Lucentis is marketed by Swiss pharma giants Roche (ROG: SIX) in the USA and Novartis (NOVN: VX) elsewhere.
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