The European Commission (EC) has granted marketing authorization for Mvasi (biosimilar bevacizumab), from US biotech major Amgen (Nasdaq: AMGN) and Ireland-incorporated Allergan (NYSE: AGN).
The approval comes after a positive recommendation from the European Medicines Agency’ appraisal unit in November and follows approval from the US Food and Drug Administration in September last year, making it the first biosimilar in the USA of Swiss pharma giant Roche’s (ROG: SIX) blockbuster cancer drug Avastin.
Avastin retains patent exclusivity until 2019 in the USA and until 2022 in Europe. Shortly after Amgen received FDA approval for Mvasi, Roche subsidiary a Genentech and Amgen filed competing lawsuits regarding patent infringement.
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