China’s Hasten Biopharma acquires 14 products from Celltrion

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China’s Hasten Biopharma acquires 14 products from Celltrion

Home/Pharma News | Posted 10/09/2024 0 Post your comment

In July 2024, it was announced that China’s Hasten Biopharmaceutical has acquired the asset rights of 14 branded products across Pan-Asia countries and regions from Korea’s Celltrion.

Celltrion is a biopharmaceutical company that has successfully developed and launched a number of biosimilars globally. These include Omlyclo (omalizumab), Celltrion's biosimilar of the reference product Xolair [1], Remsima (infliximab) which references Remicade [2], Herzuma (trastuzumab) which references Herceptin) [3], and Steqeyma (ustekinumab) which references Stelara [4].

According to the agreement, Hasten will also own the marketing authorisation holder (MAH) rights for products in eight countries and regions, including South Korea, Singapore, Thailand, Australia, and China Hong Kong.

The products include Actos, Edarbi, Nesina, Basen, and Blopress, all of which were acquired by Celltrion from Takeda in 2020 [5].

It is hoped that the deal will enrich Hasten's product pipeline across the countries and into regions outside mainland China. Combined with a more qualified global supply chain and a quality management system, the move is likely to pave the way for access to more high-quality products in the Pan-Asia Area. As the acquisition lays a solid foundation for the company's business expansion in Pan-Asia, Hasten is well positioned to become a leader in the chronic disease ecosystem.

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References
1. GaBI Online - Generics and Biosimilars Initiative. EMA recommends approval of first omalizumab biosimilar Omlyclo [www.gabionline.net]. Mol, Belgium: Pro Pharma Communications International; [cited 2024 Sep 10]. Available from: www.gabionline.net/biosimilars/news/ema-recommends-approval-of-first-omalizumab-biosimilar-omlyclo
2. GaBI Online - Generics and Biosimilars Initiative. EMA approves first monoclonal antibody biosimilar [www.gabionline.net]. Mol, Belgium: Pro Pharma Communications International; [cited 2024 Sep 10]. Available from: www.gabionline.net/biosimilars/news/EMA-approves-first-monoclonal-antibody-biosimilar
3. GaBI Online - Generics and Biosimilars Initiative. EC approval for trastuzumab biosimilar Herzuma [www.gabionline.net]. Mol, Belgium: Pro Pharma Communications International; [cited 2024 Sep 10]. Available from: www.gabionline.net/biosimilars/news/EC-approval-for-trastuzumab-biosimilar-Herzuma
4. GaBI Online - Generics and Biosimilars Initiative. EMA recommends approval of four ustekinumab biosimilars: Eksunbi, Fymskina, Otulfi, Steqeyma [www.gabionline.net]. Mol, Belgium: Pro Pharma Communications International; [cited 2024 Sep 10]. Available from: www.gabionline.net/biosimilars/news/ema-recommends-approval-of-four-ustekinumab-biosimilars-eksunbi-fymskina-otulfi-steqeyma
5. GaBI Online - Generics and Biosimilars Initiative. Celltrion: Takeda acquisitions and new plant development [www.gabionline.net]. Mol, Belgium: Pro Pharma Communications International; [cited 2024 Sep 10]. Available from: www.gabionline.net/pharma-news/Celltrion-Takeda-acquisitions-and-new-plant-development

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