Biogen on go to launch Humira biosimilar in Europe in October [Seeking Alpha]
Biogen Inc. (BIIB)
Last biogen inc. earnings: 4/22 07:12 am
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Biogen on go to launch Humira biosimilar in Europe in OctoberBiogen (NASDAQ:BIIB) and development partner Samsung Bioepisannounce the resolution of a patent dispute with AbbVie (NYSE:ABBV) over its HUMIRA (adalimumab) biosimilar.Under the terms of the settlement, AbbVie will grant patent licenses for the biosimilar, branded as IMRALDI, in Europe on a country-specific basis. Biogen and Samsung Bioepis will make royalty payments to AbbVie. Specific financial terms are not disclosed.Biogen expects to launch IMRALDI, its third approved biosimilar, in Europe on October 16. BENEPALI, a biosimilar of Amgen's ENBREL (etanercept), and FLIXABI, a biosimilar of J&J's REMICADE (infliximab) were OK'd there in 2016.Previously:Biogen's Humira biosimilar OK'd in Europe (Aug. 25, 2017)Click to subscribe to real-time analytics on ABBVNow read:Don't Miss Out, Act Now On AbbVie »
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