Sandoz signs deal to commercialize Herceptin biosimilar
The self-proclaimed global leader in biosimilars is set to commercialize a copy of one of the world’s top-selling cancer drugs.
Sandoz, part of the Swiss pharma giant Novartis (NOVN: VX), has entered into an agreement to commercialize a proposed biosimilar of Herceptin (trastuzumab), which generated $7 billion in revenue for Roche (ROG: SIX) in 2018 but has declining sales due to increased competition. The US patent is due to expire in mid-June.
The drug that Sandoz is to market in the agreement with privately-held Taiwanese firm EirGenix is currently in Phase III clinical development for treatment of human epidermal growth factor receptor 2 positive (HER2+) breast and specific gastric cancer tumors.
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