Breaking News, Collaborations & Alliances

Teva and Polpharma Biologics Ink Global Biosimilar Agreement

Agreement gives Teva exclusive commercialization rights to proposed ocrelizumab biosimilar in key global markets.

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By: Charlie Sternberg

Associate Editor

Editor’s Take: Major CDMOs and pharmaceutical companies are continuously expanding their biosimilar portfolios through strategic alliances and licensing agreements.

Teva Pharmaceuticals International and Polpharma Biologics International have inked a global licensing agreement granting Teva exclusive rights to commercialize both formulations of Polpharma Biologics’ proposed biosimilar to Ocrevus (ocrelizumab), upon regulatory approval. This strategic agreement is expected to combine Polpharma Biologics’ biosimilar development expertise with Teva’s commercial footprint and capabilities.

Under the terms of the agreement, Polpharma Biologics retains full responsibility for the development and manufacturing of the biosimilar candidate. Teva will be responsible for regulatory submissions and, upon approval, commercialization of the intravenous and subcutaneous formulations in the United States, Europe, Brazil, Canada, Australia, New Zealand, Israel and Turkey.

“This agreement reflects our focus on pushing high-quality biologics to the finish line efficiently and at scale,” said Anjan Selz, CEO of Polpharma Biologics International AG. “Teva brings reach, discipline and real commercial strength to our strategic collaboration. Combining its global footprint with our technical and development capabilities creates a clear path to getting this medicine to patients who need more treatment options.”

“This agreement is aligned with Teva’s Pivot to Growth strategy and our focus on expanding our biosimilars pipeline. With our global commercial footprint and deep expertise in complex medicines, we are well positioned to help bring this biosimilar candidate to patients,” said Yolanda Tibbe, Vice President, Global Head of Biosimilars at Teva.

More Teva News

In March, Teva Pharmaceuticals and funds managed by Blackstone Life Sciences entered a $400 million strategic funding agreement to support the clinical development of duvakitug, a human monoclonal antibody targeting TL1A.

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