Samsung Bioepis has entered into a commercialization agreement with Sandoz for SB17, a proposed biosimilar to Johnson & Johnson (NYSE: JNJ) subsidiary Janssen’s Stelara (ustekinumab).
The South Korean biosimilars company says this marks a step forward in strengthening access to Samsung Bioepis’ immunology portfolio in the USA, Canada, European Economic Area (EEA), Switzerland and the UK. Stelara is one of J&J’s top-selling drugs, bringing in revenues of $2.98 billon in the second quarter of 2023.
“This agreement is a testament to Samsung Bioepis’ strong track record in the field of immunology, demonstrating a potential value that our biosimilars could deliver for widening access to biologic medicines.” said Sang-Jin Pak, executive vice president and head of Commercial Division, at Samsung Bioepis.
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