Mundipharma buys Spanish biosimilars maker Cinfa Biotech

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Mundipharma buys Spanish biosimilars maker Cinfa Biotech

Home/Pharma News | Posted 12/10/2018 0 Post your comment

UK-based Mundipharma International (Mundipharma) is strengthening its position in biosimilars with the acquisition of Spanish biosimilars maker Cinfa Biotech.

Mundipharma, which consists of a network of independent companies operating in over 120 countries worldwide, announced on 10 October 2018 that it had ‘added development capabilities to its biosimilars platform with the purchase of biosimilars development company Cinfa Biotech’.

Mundipharma acquires 100% ownership from parent company Infarco. The purchase gives the Mundipharma network (which includes NAPP Pharmaceuticals in the UK) immediate access to pegfilgrastim biosimilar Pelmeg (B12019). Pelmeg received a positive recommendation from the European Medicines Agency’s (EMA) Committee for Medicinal Products for Human Use (CHMP) on 20 September 2018 [1]. The company estimates the potential global market for Pelmeg to be worth US$4.5 billion. In addition, Cinfa has one other undisclosed biosimilar in its pipeline.

Mundipharma already has an existing partnership with Celltrion for infliximab biosimilar Remsima (CT‑P13) [2] and rituximab biosimilar Truxima (CT‑P10). The company estimates that these biosimilars have saved healthcare systems approximately Euros 330 million.

References
1. GaBI Online - Generics and Biosimilars Initiative. EMA approves pegfilgrastim biosimilars Fulphila, Pelmeg and Ziextenzo [www.gabionline.net]. Mol, Belgium: Pro Pharma Communications International; [cited 2018 Oct 12]. Available from: www.gabionline.net/Biosimilars/News/EMA-approves-pegfilgrastim-biosimilars-Fulphila-Pelmeg-and-Ziextenzo
2. GaBI Online - Generics and Biosimilars Initiative. Infliximab biosimilar to be distributed by Mundipharma [www.gabionline.net]. Mol, Belgium: Pro Pharma Communications International; [cited 2018 Oct 12]. Available from: www.gabionline.net/Biosimilars/News/Infliximab-biosimilar-to-be-distributed-by-Mundipharma

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Source: Mundipharma