Teva and mAbxience Unite to Broaden Oncology Biosimilar Offerings
Teva and mAbxience Collaborate on New Oncology Biosimilar
Teva Pharmaceuticals International GmbH has solidified its strategic partnership with mAbxience to expand the development of oncology biosimilars. This collaboration builds upon efforts that began in April 2024 and underscores the companies' shared commitment to delivering high-quality, affordable treatments to patients globally.
Strengthening the Partnership
The collaboration not only supports Teva's commitment to a growth-oriented strategy but also enhances their biosimilar portfolio. By joining forces, the companies are determined to address critical unmet needs within oncology care while maintaining a focus on innovation and patient accessibility.
New Licensing Agreement for Anti PD-1 Biosimilar
On October 3, 2024, Teva and mAbxience announced a new global licensing agreement focused on developing an anti PD-1 oncology biosimilar candidate. This second agreement is a significant step in their ongoing partnership and serves as a testament to their mutual goal of providing cost-effective solutions in oncology.
Collaboration’s Impact on Global Healthcare
This latest agreement highlights both companies' commitment to ensuring patients have access to safe and effective oncology treatments. By harnessing their individual strengths, they will continue to drive advancements that enhance healthcare outcomes worldwide.
Exclusive Rights and Market Expansion
The licensing agreement grants exclusive rights to multiple key markets, including Europe and the United States. This aligns perfectly with mAbxience's strategic vision of global expansion. The collaboration is crucial for Teva as it progresses with its Pivot to Growth strategy, aiming to efficiently integrate this biosimilar into its extensive portfolio.
Manufacturing and Development Leadership
Under the terms of the agreement, mAbxience will take the lead on the biosimilar’s development and manufacturing, utilizing advanced cGMP-compliant facilities located in Spain and Argentina. Meanwhile, Teva will oversee regulatory processes and commercialization efforts, ensuring broad access to innovative oncology treatments around the world.
Voices from Leadership
Angus Grant, PhD, Executive Vice President of Business Development at Teva, expressed enthusiasm about the collaboration, stating, "We are excited to deepen our collaboration with mAbxience. This agreement strengthens our alliance and reinforces our shared dedication to expanding access to critical oncology treatments. Our partnership exemplifies a strategic model to manage development costs, leverage regulatory expertise, and utilize our commercial capabilities effectively."
mAbxience’s Perspective on the Collaboration
Jurgen Van Broeck, CEO of mAbxience, added, “This second collaboration highlights the strength of our partnership and our mutual vision. It reaffirms our commitment to making high-quality biosimilars widely accessible to improve healthcare outcomes on a global scale.”
About Teva Pharmaceuticals
Teva Pharmaceuticals is a leading global player in the pharmaceutical industry, continually innovating while delivering a diverse range of generic and specialty medications. With a history spanning over 120 years, Teva's dedication to enhancing health outcomes remains steadfast, employing around 37,000 employees in 58 markets. The company is poised to extend its reach through innovative medicine development, ensuring healthcare systems can access quality treatments.
About mAbxience
mAbxience, headquartered in Spain, focuses on the development, production, and commercialization of biopharmaceuticals. Following a majority acquisition by Fresenius Kabi in August 2022, mAbxience has evolved into a global biotechnology company committed to providing affordable medicines. With market-approved products and a strong development pipeline, they maintain a presence in over 100 markets, bolstered by partnerships and state-of-the-art facilities globally.
Frequently Asked Questions
What does the partnership between Teva and mAbxience entail?
The partnership focuses on developing an anti PD-1 oncology biosimilar to enhance the availability of affordable cancer treatments globally.
How does this agreement benefit patients?
This agreement aims to provide patients worldwide with accessible, high-quality biosimilar treatments addressing crucial unmet oncology needs.
What was the significance of the previous agreement between the two companies?
The earlier agreement served as a foundation that established a collaborative framework, paving the way for the current licensing deal.
What role will each company play in the development process?
mAbxience will spearhead development and production while Teva will manage regulatory approvals and commercialization strategies in key markets.
How has Teva's strategy evolved through this collaboration?
Teva's collaboration with mAbxience aligns with its Pivot to Growth strategy, further expanding its biosimilar portfolio and enhancing its market reach.
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