Epirus and Polpharma collaborate on advancing biosimilars portfolio targeting $6 billion addressable market
USA-based Epirus Biopharmaceuticals (Nasdaq: EPRS) and Polpharma Group, Poland’s largest drugmaker, have signed a multi-product, multi-region profit-sharing collaboration for select Epirus biosimilars. News of the accord pushed Epirus’ shares up 9.4% to $6.99.
The biosimilars include: BOW015 (infliximab, reference biologic Remicade, from Merck & Co), BOW050, (adalimumab, reference biologic Humira, from AbbVie) and BOW070, (tocilizumab, reference biologic Actemra, from Roche), representing $6 billion in innovator sales in the specified territories. The collaboration is focused on the commercialization of Epirus’ biosimilars pipeline in European Union, Middle East, Turkey, Russia and CIS territories (the Territories).
Polpharma Group is a leading generics company based in Poland with annual sales of approximately $1 billion and a strong commercial infrastructure, including a salesforce of over 1,700 employees globally.
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