STADA in-licenses teriparatide and expands biosimilar portfolio

October 16, 2014 7:09 AM

STADA Arzneimittel AG in-licenses teriparatide and expands its biosimilar portfolio.

The teriparatide biosimilar is being developed by Richter-Helm BioTec GmbH & Co. KG and is to be launched under the STADA label throughout Europe following the expiration of the patent of the original product Forsteo.

“With this additional in-licensing, we are consequently following our biosimilar strategy according to which we rely on cooperations with highly specialized partners to expand our portfolio at favorable conditions with high-quality products”, explains Chairman of the Executive Board of STADA Hartmut Retzlaff.

Under the terms of the agreement, in addition to a payment at the signing of the contract, STADA is obliged to make further payments each depending on the progress of the project. With the start of marketing, STADA will report the resulting sales and make license payments to Richter-Helm.

In consideration of the coming patent expirations of numerous blockbuster biological products, the number of available biosimilars will increase significantly in the coming years. As a result of this, products like teriparatide will play a decisive role in supplying patients in future.

“With the teriparatide biosimilar of STADA, the therapy spectrum for osteoporosis patients will be increased by an alternative that absolutely has the same level of quality yet costs less and has proven therapeutic equivalence to the initial supplier product”, says Dr. Michael Mack, Vice President of Biotechnology at STADA, with conviction.

STADA expects to launch teriparatide on the market in 2019 and thereby expand its existing range of biosimilars by an additional active ingredient. As early as 2008 the STADA sales company cell pharm began selling SILAPO with the active ingredient epoetin zeta. This year, the wholly owned subsidiary cell pharm launched the filgrastim product Grastrofil.

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