Teva and Lonza to discontinue their biosimilars collaboration
Israel-based Teva Pharmaceuticals Industries (NYSE: TEVA), the world’s leading generics drugmaker, and Swiss chemicals and drug company Lonza (SIX: LONN) have decided to discontinue their collaboration for the development, manufacturing and marketing of biosimiars.
The decision follows a strategic review of the Teva-Lonza Joint Venture (TL-JV), which began in 2009 ( The Pharma Letter January 26, 2009) and a joint statement said it will enable both companies to advance their own strategies.
It added that both companies will continue to explore opportunities to maximize the value of the investments and progress that the joint venture has made to this point, and remain in agreement that affordable, efficacious and safe biosimilar treatments will bring benefits to patients and better serve these communities.
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