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Combined Amneal adds bevacizumab and Gemini

Amneal has struck a licensing deal with Mabxience for exclusive US rights to biosimilar Avastin (bevacizumab) and has acquired branded player and hybrid 505(b)(2) specialist Gemini Laboratories for US$117 million, at the same time as announcing the completion of its merger with Impax, creating the “fifth-largest US generics player”.

Amneal has struck a licensing deal with Mabxience for exclusive US rights to biosimilar Avastin (bevacizumab) and has acquired branded player and hybrid 505(b)(2) specialist Gemini Laboratories for US$117 million, at the same time as announcing the completion of its merger with Impax, creating the “fifth-largest US generics player”.

Noting that bevacizumab was “the third biosimilar product licensed by Amneal” – after Adello Biologics’ filgrastim that has been filed in the US and pegfilgrastim which is expected to be filed in the second half of 2018 – Amneal said the deal with Mabxience “demonstrates its commitment to strategically invest and execute in the biosimilar space”

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