1. Generics Bulletin
  2. >>Business
  3. >>Earnings

Bortezomib Booms For Stada As Russian Problem Remains

Turnaround Strategy Is In The Works In Russia

 
• By Dean Rudge

With group sales rising by double digits in 2019, Stada says it has the firepower to accelerate investment not only in the firm’s own product development but also broadly into external co-development and product in-licensing, to support sustainability and long-term growth.

Rock_Climber_Greece
Stada's sales climbed by 12% in 2019 following the bortezomib launch • Source: Shutterstock

Stada has welcomed “an exceptionally successful financial year” for 2019, with double-digit sales growth largely driven by the successful launch of a ready-to-use, differentiated formulation of Janssen’s Velcade (bortezomib) in 14 European countries midway through the second quarter.

The German firm “broadly outperformed its competitors and achieved substantial market-share gains in almost all of its core markets during...

Read the full article – start your free trial today!

Join thousands of industry professionals who rely on Generics Bulletin for daily insights

  • Start your 7-day free trial
  • Explore trusted news, analysis, and insights
  • Access comprehensive global coverage
  • Enjoy instant access – no credit card required
Start Free Trial

Already a subscriber?

More from Earnings

Glenmark Targets Revival Of Monroe Manufacturing Unit Following FDA Findings

 
• By Dean Rudge

Glenmark expects to restart US commercial production at its Monroe, North Carolina injectables plant soon, after a recent FDA inspection resulted in a Form 483 with five procedural GMP observations, but none related to data integrity.

Alvotech Focuses On Value Over Volume As Sales Continue To Grow

 
• By Dave Wallace

As Alvotech announced first-half results that outpaced expectations, the biosimilars developer’s management explained that the firm was targeting value and product margin over market share and volumes.

Zydus Looks To Ride gIbrance Exclusivity Wave; GLP-1 Battle-Ready With Differentiated Pen

 
• By Vibha Ravi

Ibrance is losing share to other drugs, but Zydus looks forward to a late 2027/early 2028 launch of its generic in the US where partner Synthon might have 180-day exclusivity. In India, as Lilly launches Mounjaro KwikPen, it hopes for a GLP-1 edge with a differentiated device and formulation.

Formycon’s Search For Keytruda Biosimilar Partner Is Key To Deliver FY2025 Guidance

 
• By Urtė Fultinavičiūtė

With H1 revenues not even hitting double-digits, Formycon is bidding on partnerships and royalties to generate at least €46m over the next half-year to reach its revenue goal.

More from Business

Accord Takes On Ustekinumab Rivals In US With Steepest Discount Yet

 
• By Dave Wallace

Boasting the “lowest WAC price among branded biosimilars to Stelara”, Accord BioPharma has launched its Imuldosa version of ustekinumab in the US at a 92% discount to the blockbuster immunology brand.

Zydus Looks To Ride gIbrance Exclusivity Wave; GLP-1 Battle-Ready With Differentiated Pen

 
• By Vibha Ravi

Ibrance is losing share to other drugs, but Zydus looks forward to a late 2027/early 2028 launch of its generic in the US where partner Synthon might have 180-day exclusivity. In India, as Lilly launches Mounjaro KwikPen, it hopes for a GLP-1 edge with a differentiated device and formulation.

Formycon’s Search For Keytruda Biosimilar Partner Is Key To Deliver FY2025 Guidance

 
• By Urtė Fultinavičiūtė

With H1 revenues not even hitting double-digits, Formycon is bidding on partnerships and royalties to generate at least €46m over the next half-year to reach its revenue goal.