Sandoz inks biosimilars collaboration with Evotec

10 May 2023

Swiss pharma giant Novartis’ (NOVN: VX) generic and biosimilar medicines subsidiary Sandoz today announced a multi-year partnership with Just - Evotec Biologics, the Seattle, USA-based subsidiary of German biotech Evotec (EVT: Xetra), whose shares were up 8.9% at 17.94 euros by early afternoon on the news.

The agreement covers the development and manufacture of multiple biosimilar medicines with an option for expansion and is the most recent step towards strengthening the Sandoz foundation as a stand-alone off-patent medicines company.

Access to Just - Evotec Biologics’ highly efficient drug substance development platform and manufacturing technology complements Sandoz capabilities, supporting expansion of the current pipeline from 15+ to 24 assets and the continued development of its early-stage biosimilar pipeline.

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