New Lucentis biosimilar hits shelves across Europe

27 April 2023

German generics drugmaker STADA Arzneimittel (SAZ: Xetra) and Sweden’s Xbrane Biopharma (Nasdaq Stockholm: XBRANE) are working together on a supply agreement for Ximluci (ranibizumab).

The biosimilar, which references Lucentis (ranibizumab) will be supplied to the UK’s national healthcare provider, the National Health Service, in England.

The nominal value of the one-year supply contract is £70 million ($87 million), but the actual value will depend on multiple factors, including the share of the market captured by the companies.

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