NEW DELHI: Biocon Biologics, a subsidiary of Biocon, announced a five-year partnership with Sandoz AG providing it exclusive rights to promote, sell and distribute two biosimilars —Trastuzumab and Bevacizumab, in Australia, says a company statement.
Under the agreement, Sandoz will distribute the Biocon Biologics’ brands, OGIVRI (bTrastuzumab) and ABEVMY (bBevacizumab), and facilitate the sustained access of these medications that were previously distributed by another pharmaceutical company to patients in Australia.
Trastuzumab is a biosimilar of Herceptin and Bevacizumab is a biosimilar of Avastin.
The agreement is effective from January 1, 2024 and commercialisation commenced on February 1.
A business journalist with around two decades of experience track...
Read MoreA business journalist with around two decades of experience tracking key consumer-focussed sectors like consumer durables, retail, consumer goods, aviation, automobiles and advertising, as well as economic ministries of the Union government. Now, writes primarily on pharmaceuticals and healthcare, and on issues of consumer interest. Besides also looks at trends that are shaping consumer behaviour and the broad consumer landscape. \nYou can follow Rupali on Twitter@Rupalijee.
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