Celltrion/Teva launch trastuzumab biosimilar Herzuma in US

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Celltrion/Teva launch trastuzumab biosimilar Herzuma in US

Biosimilars/News | Posted 27/03/2020 0 Post your comment

Celltrion and Teva announced in March 2020 that they have launched their trastuzumab biosimilar Herzuma (trastuzumab-pkrb) in the US. Herzuma can be used to treat breast and gastric cancer and has recently been approved in Canada [1].

It will be available in the US in 150 mg and 420 mg doses and at a 10% discount on the wholesale cost of the reference product. Actual costs to patients and providers are expected to be even lower.

Brendan O’Grady, Executive Vice President of North America Commercial at Teva, said the company was proud to make the product available to patients in the US. ‘The launch of Herzuma continues our commitment to help lower healthcare costs and increase price competition through the availability of biosimilars’.

Mr Hyoung-Ki Kim, Vice Chairman at Celltrion, added: ‘We look forward to continuing our partnership with Teva to bring biosimilars to as many patients as possible in the US, as we believe they address an unmet need in the market’.

All in all, it is a successful period for Celltrion, who reported annual sales in excess of ₩1 trillion in 2019 (equivalent to around US$835 million). This is an increase of almost 15% on 2018’s figures.

‘Despite a rise in costs in the process of securing growth engines, such as the introduction of outsourcing contract manufacturing organization (CMO) and the production of biosimilar clinical materials, the operating profit margin is maintaining at a stable level’, Celltrion said in a statement.

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Reference
1. GaBI Online - Generics and Biosimilars Initiative. Trastuzumab biosimilar Herzuma approved in Canada [www.gabionline.net]. Mol, Belgium: Pro Pharma Communications International; [cited 2020 Mar 27]. Available from: www.gabionline.net/Biosimilars/News/Trastuzumab-biosimilar-Herzuma-approved-in-Canada

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Source: KoreaBioMed, Teva