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Innovent Expands Internationally With Indonesia Deal

Licensing Agreement Reached With Etana For Byvasda Bevacizumab Biosimilar

 
• By Dave Wallace

Innovent Biologics has broadened its international reach by striking a licensing deal with PT Etana Biotechnologies in Indonesia for its Byvasda bevacizumab biosimilar.

Indonesia Map Magnifying Glass
Innovent has licensed bevacizumab to Etana in Indonesia • Source: Shutterstock

China’s Innovent Biologics has expanded its international marketing network by agreeing a licensing deal for its Byvasda (bevacizumab) biosimilar version of Avastin in Indonesia with local firm PT Etana Biotechnologies Indonesia.

In exchange for Etana gaining development and commercialization rights in Indonesia to Byvasda, Innovent will receive development and commercialization milestone payments as well as “double-digit royalties” on net sales

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