Alvotech and Fuji Pharma Expand Partnership for Additional Biosimilar Candidate in Japan
Alvotech and Fuji Pharma have expanded their strategic partnership to include six biosimilar products aimed at the Japanese market. The agreement grants Fuji exclusive commercial rights to an undisclosed biosimilar in early development, with Alvotech receiving upfront and milestone payments, along with a share of sales. This strengthens Alvotech's position in Japan, the third largest pharmaceutical market globally. The collaboration emphasizes both companies' commitment to enhancing patient access to biosimilars, ultimately contributing to healthcare sustainability.
- Agreement adds a sixth biosimilar product, enhancing market presence.
- Fuji Pharma provided exclusive commercial rights, indicating confidence in the partnership.
- Potential for significant milestone payments tied to development progress.
- Details on the undisclosed biosimilar are limited, raising uncertainties about its development and marketability.
- Alvotech's reliance on milestone payments could indicate potential risks in product development timelines.
Fuji and Alvotech partnership now covers six proposed biosimilar products
Under terms of the agreement, Fuji will be granted exclusive commercial rights to an undisclosed biosimilar currently in early phase development. Alvotech will receive an upfront payment and be eligible for subsequent milestone payments tied to development progression, as well as a share of the in-market sales. The new agreement adds another biosimilar candidate to the partnership between Alvotech and Fuji, first announced in 2018, bringing the total number of proposed biosimilar products that the companies are partnering on to six. The Japanese market ranks third in overall pharmaceutical spending globally (source:
“Fuji has a been a pioneer in biosimilars in the Japanese market,” said
“A global approach to biosimilars is fundamental to our story,” said
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About Alvotech
Alvotech is a biopharmaceutical company focused solely on the development and manufacture of biosimilar medicines for patients worldwide. Alvotech seeks to be a global leader in the biosimilar space by delivering high quality, cost-effective products and services, enabled by a fully integrated approach and broad in-house capabilities. Alvotech’s current pipeline contains eight biosimilar candidates aimed at treating autoimmune disorders, eye disorders, osteoporosis, and cancer. For more information, please visit www.alvotech.com.
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In connection with the proposed business combination (the “Business Combination”) between OACB and Alvotech. OACB and Alvotech have filed with the
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ALVOTECH
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FAQ
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