Formycon partners on biosimilar ustekinumab in the MENA region

9 December 2024

Germany’s Formycon (FSE: FYB) has entered into a licensing and supply agreement with MS Pharma for the commercialization of FYB202, Formycon’s biosimilar to Johnson & Johnson’s (NYSE: JNJ) Stelara (ustekinumab), in the Middle East and North Africa (MENA region).

MS Pharma plans to submit for regulatory approval in MENA countries at the earliest opportunity.

MS Pharma is a leading regional pharmaceutical company in the MENA region and specializes in the distribution of biotechnological as well as generic drugs. The company will have rights to license, commercialize and produce FYB202 locally at its new Biosimilars site in Saudi Arabia for the Gulf Cooperation Council (GCC) countries as well as further countries of the MENA region.

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