Mabion chases global rituximab market

19 May 2016

Polish biotechnology company Mabion (WSE: MAB) believes it is a leading contender to win the race for the global rituximab market.

Rituximab is used to treat rheumatoid arthritis, lupus, vasculitis and dermatomyositis and expiry of Swiss pharma giant Roche’s (ROG: SIX) MabThera patent at the end of 2013 paved the way for the introduction of cheaper versions by biosimilar manufacturers.

Several players were initially involved in chasing the market which at the time was worth more than $7 billion annually.

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