Alvotech Cipla in deal for AVT02 commercialisation

Alvotech Cipla in deal for AVT02 commercialisation

Agency News

Hyderabad, Jul 29: Biopharmaceutical Company Alvotech and Cipla Gulf FZ LLC (“Cipla Gulf”), a wholly-owned subsidiary of the leading global pharmaceutical company Cipla Limited on Monday announced that it had entered into an exclusive partnership for the commercialization of AVT02, an adalimumab biosimilar, in select emerging markets.AVT02 is a mAb biosimilar to AbbVie’s HUMIRA, which is a leading drug indicated for the treatment of several autoimmune diseases, including (but not limited to) Rheumatoid Arthritis (RA), Ankylosing Spondylitis (AS), Plaque Psoriasis (PP), Psoriatic Arthritis, Ulcerative Colitis (UC), and Crohn’s Disease (CD), the Pharmaceutical company said in a release.

It neutralises the Tumor Necrosis Alpha (TNF-α) involved in systemic inflammation and other diseases.AbbVie’s HUMIRA recorded sales of about US$20 billion in 2018, making it the largest-selling blockbuster medicine worldwide.Under the partnership, Alvotech will be responsible for development and supply of the product, while Cipla Gulf will be responsible for registration and commercialization.

Alvotech’s AVT02 is in Phase-3 clinical development ahead of filing with the European Medicines Agency (EMA) and United States Food and Drug Administration (USFDA) by early 2020.(UNI)