Teva and Lonza end biosimilars agreement

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Teva and Lonza end biosimilars agreement

Biosimilares/Novedades | Posted 09/08/2013 0 Post your comment

Despite Switzerland-based API producer Lonza denying reports back in April 2013 that it was considering backing out of its biosimilars joint venture with Israeli generics giant Teva Pharmaceutical Industries (Teva) that is just what has happened.

The two companies announced on 25 July 2013 that following a strategic review of the joint venture, they have decided to discontinue their collaboration for the development, manufacturing and marketing of biosimilars, which was established in 2009.

While both companies intend to continue to explore opportunities to maximize the value of the investments and progress that the joint venture has made to this point, the companies report that the discontinuation of the joint venture will enable both companies to better advance their own strategies.

Teva, according to Dr Michael Hayden, President, Global R & D and CSO of Teva, intends to build on its track record of success in the biologicals field. Ending the joint venture will enable Teva to maintain a highly selective approach in the company’s efforts to create a balanced portfolio of biosimilars, biobetters and innovative biologicals that aligns with Teva’s overall portfolio and areas of disease focus, enabling the company to better serve patients. Lonza, on the other hand, intends to focus on its core expertise of contract manufacturing and cell line development.

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Source: Lonza, Teva