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Fresenius Kabi’s EU Biosimilars ‘Lagging Behind Expectations’

COVID-19 Has Hit Impacted Market

 
• By Dean Rudge

Fresenius Kabi is looking to make headway into biosimilars but saw its progress limited by COVID-19 in Q2. Management gave an update on the company’s endeavors during the Q2 earnings call, including key tender victories.

Fresenius Kabi
Fresenius felt the impact of COVID-19 on its biosimilars business in Q2 • Source: Shutterstock

The shrinking market for the immunosuppressive adalimumab in the wake of COVID-19 led to Fresenius Kabi’s biosimilars business in Europe “lagging a bit behind our expectations” in the second quarter, even as the German firm scooped “fairly significant” tender wins in the UK and Italy for its Idacio (adalimumab) biosimilar.

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