Richter launches its biosimilar teriparatide across Europe
Hungary's largest drugmaker Gedeon Richter (RICHT: HB) said today that it has launched its biosimilar teriparatide, brand name Terrosa, in Europe.
The product is approved in adults for the same indications as Eli Lilly’s (NYSE: LLY) reference product Forsteo, ie, used for the treatment of osteoporosis in postmenopausal women and in men at increased risk of fracture and treatment of osteoporosis associated with sustained systemic glucocorticoid therapy in women and men at increased risk for fracture. In postmenopausal women, a significant reduction in the incidence of vertebral and non-vertebral fractures but not hip fractures has been demonstrated. Forsteo generated global sales of $1.58 billion in 2018 for Lilly.
The product has been launched under the label Terrosa by Richter via its affiliates in Europe immediately following the patent expiry of the reference product in August 2019.
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