On 16 September 2021, a strategic partnership was announced between India-based biologicals specialist Biocon Biologics Limited (BBL), and Indian vaccine manufacturer Serum Institute Life Sciences (SILS), a subsidiary of Serum Institute of India Pvt Ltd.
Under the terms of the partnership, SILS will have a 15% stake in BBL, valued at ~US$4.9 billion. In return, BBL will receive committed access to a 100 million doses of vaccines per annum for 15 years, primarily from SILS’s upcoming vaccine facility in Pune, India. BBL will also have commercialization rights to the SILS vaccine portfolio (including COVID-19 vaccines) for global markets.
The strategic partnership also plans to develop vaccines and antibodies targeting several infectious diseases, such as Dengue and HIV. Following development, the companies will enter service level agreements for manufacturing and distribution of the vaccines and antibodies.
This new partnership is one of many that Biocon has recently entered with organizations across the globe, such as the recently announced partnerships with Libbs to facilitate the sale of generics in Brazil [1], and with international organizations to improve access to cancer and diabetes treatments [2].
Furthermore, Biocon/Viatris’ insulin glargine biosimilar Semglee (insulin glargine-yfgn) has been approved by the US Food and Drug Administration as the first interchangeable biosimilar product approved in the US for the treatment of diabetes [3] in July 2021, which has been listed by Express Scripts, America’s largest pharmacy benefit management organization, as a preferred insulin brand on its National Preferred Formulary (NPF), which includes more than 28 million lives in the US [4].
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References
1. GaBI Online - Generics and Biosimilars Initiative. Biocon partners with Libbs for the sale of generics in Brazil [www.gabionline.net]. Mol, Belgium: Pro Pharma Communications International; [cited 2021 Nov 12]. Available from: www.gabionline.net/pharma-news/Biocon-partners-with-Libbs-for-the-sale-of-generics-in-Brazil
2. GaBI Online - Generics and Biosimilars Initiative. Biocon Biologics partners to improve global access to cancer treatments and insulin [www.gabionline.net]. Mol, Belgium: Pro Pharma Communications International; [cited 2021 Nov 12]. Available from: www:gabionline.net/pharma-news/Biocon-Biologics-partners-to-improve-global-access-to-cancer-treatments-and-insulin
3. GaBI Online - Generics and Biosimilars Initiative. FDA approves first interchangeable insulin glargine biosimilar [www.gabionline.net]. Mol, Belgium: Pro Pharma Communications International; [cited 2021 Nov 12]. Available from: www.gabionline.net/biosimilars/news/fda-approves-first-interchangeable-insulin-glargine-biosimilar
4. GaBI Online - Generics and Biosimilars Initiative. Interchangeable insulin glargine biosimilar preferred on express scripts [www.gabionline.net]. Mol, Belgium: Pro Pharma Communications International; [cited 2021 Nov 12]. Available from: www.gabionline.net/biosimilars/general/interchangeable-insulin-glargine-biosimilar-preferred-on-express-scripts
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