Roche out-licenses commercialization of Actemra and Avastin in India
Mumbai’s Cipla (NSE: CIPLA) has agreed a distribution deal with Roche’s (ROG: SIX) Indian business to sell Actemra (tocilizumab) and Syndyma (bevacizumab), also marketed as Avastin, in the country.
Shares in Cipla, an 80-year old business with over 1,500 products, rose over 1% on the news before falling back slightly. Financial particulars were not disclosed.
Chief executive Umang Vohra said: “The prevalence of cancer and rheumatoid arthritis is widely spread across India, and Cipla can contribute to provide broader access to innovative medicines like tocilizumab and bevacizumab.”
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