Cipla Ltd. continues to build its portfolio of biosimilars via in-licensing after having decided to reposition its biotech business from a capital allocation standpoint and cut back on “organic” development and manufacturing. The Indian company has now struck a commercialization deal with Alvotech for its late stage biosimilar version of AbbVie Inc.’s Humira (adalimumab), the top-selling medicine worldwide.
The deal, routed through Cipla Gulf FZ LLC, a wholly owned arm of Cipla, will see the Indian group commercialize Alvotech’s AVT02, a biosimilar to the 100mg/ml high-concentration version of Humira, in selected emerging markets
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