STADA to work with China's Bio-Thera on Simponi biosimilar
Bio-Thera Solutions (SH: 688177) has partnered with STADA Arzneimittel (ETR: SAZ) for the commercialization of BAT2506, a biosimilar candidate to Simponi (golimumab).
Under the agreement, Bio-Thera will handle development and manufacturing, while STADA will manage commercialization in the EU, UK, Switzerland, and other countries.
Bio-Thera will receive an upfront payment of $10 million, with potential milestone payments up to $147.5 million.
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