Merck KGaA announced plans today keeping the group on track
for its “Fit for 2018” plan for growth and transformation. Part of those plans include an additional $165
- $190 million investment in biosimilars for 2015. Ultimately, that exact number is dependent on
the outcome of certain Phase I trials that are currently ongoing. That, of course, is in addition the $128
million the German company has set aside for biosimilars this year.
In addition, the company plans to expand on existing
partnerships with India’s Dr. Reddy’s and Brazil’s Bionovis with an in-licensing
agreement for a late-stage biosimilar. Initially, the drug will be intended for
smaller, emerging markets. Between 2015
and 2016, Merck plans to initiate anywhere from two to five Phase III clinical
trials.
The release also noted some internal shuffle within
Merck. Stefan Oschmann has been promoted
to deputy CEO and Vice Chairman of the executive board while Belén Garijo will
move up to the executive board and head the pharma business.
The full press release can be found here.
We’ll
have more on the latest developments in the biosimilars market at the 15thAnnual Business of Biosimilars meeting.
Join us October 20-22 in Boston, MA. Download the agenda to see what’s on tap.
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$100. Register here and use code XP1986BLOG.
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