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Celltrion Hit By Truxima Price Cut, Temporary Utilization Rate Drop

 
• By Jung Won Shin

Intensifying competition in the global biosimilars space and a temporary drop in its factory utilization rate took a toll on Celltrion's earnings in the third quarter, but analysts still expect a rosy outlook next year amid the expected US launches of biosimilar rituximab and trastuzumab, and the first subcutaneous version of Remsima on the horizon in Europe.

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Lower selling prices, factory utilization hurt Celltrion in 3Q • Source: Shutterstock

Celltrion Inc. surprised the market with worse than expected third quarter earnings, as the company lowered the unit supply price of Truxima (biosimilar rituximab) in Europe to brace for intensifying competition, and the utilization rate dropped temporarily at its main production facility.

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Sandoz Slims Down Pembrolizumab Trial As Regulators Streamline Requirements

 
• By Dave Wallace

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• By Dave Wallace

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J&J Denied Injunction Over Private-Label Ustekinumab In US

 
• By Dave Wallace

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J&J Denied Injunction Over Private-Label Ustekinumab In US

 
• By Dave Wallace

Stelara originator J&J has been denied in its initial attempt to prevent Samsung Bioepis and ustekinumab biosimilar partner Sandoz from selling a private-label version of the product through a PBM in the US.

UK Forxiga SPCs Wiped Out As Trio Succeed With Plausibility Attack

 
• By Dean Rudge

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What’s Next? Five Things To Look Out For In May

 
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