Teva links up with mAbxience on oncology biosimilar candidate
Israel-headquartered drugmaker Teva Pharmaceutical Industries (NYSE/TASE: TEVA) and Spain-based mAbxience, a Fresenius Kabi majority-owned group with partial ownership from Insud Pharma, have entered a strategic licensing agreement for a biosimilar candidate currently in development for the treatment of multiple oncology indications.
Biosimilars show promising potential in providing more cost-effective alternatives to existing oncology therapies, thereby addressing a critical need in global oncology care.
The licensing agreement covers multiple global markets, including in Europe and the USA, signaling a major step in mAbxience’s global expansion strategy, and supports a key element of Teva’s Pivot to Growth strategy, announced in 2023, to expand its biosimilar pipeline through business development and strategic partnerships.
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