Lupin and Zentiva Forge Global Pact on Biosimilar Rollout
Lupin Ltd has announced a partnership with the Zentiva Group to commercialize 'Certolizumab Pegol,' a cost-effective biosimilar, across global markets. The deal will see Lupin handling development and manufacturing, while Zentiva focuses on European markets, sharing milestone receivables up to USD 50 million.
- Country:
- India
Indian pharmaceutical giant Lupin Ltd has entered into a significant global licensing and supply agreement with the Zentiva Group to market its biosimilar, 'Certolizumab Pegol,' in various international markets. The deal includes potential milestone payments amounting to USD 50 million.
The collaboration seeks to expedite the availability of cost-effective, high-quality biosimilar medications worldwide. Under the agreement, Lupin will manage the development, manufacture, and supply of the product, while Zentiva will handle commercialization in Europe and CIS regions, leveraging their extensive infrastructure and regulatory competencies.
Zentiva will concentrate on markets outside the US and Canada, whereas Lupin will pursue commercialization efforts in those remaining territories. The companies will share profits from the defined markets, marking a strategic expansion for both parties involved in delivering solutions for conditions like rheumatoid arthritis and Crohn's disease.
(With inputs from agencies.)
ALSO READ
Global Equity Funds Surge Amid Economic Optimism
India on Track: Leading Global Startup Trends in the New Decade
WHO Releases Updated Global Framework to Modernize Foodborne Disease Surveillance and Prevent Outbreaks
Global Diabetes Surge: Over 11% of Adults Affected in 2024
Air India Expands Global Network: New Aircraft and Strategic Partnerships

