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Lannett Adds NovoLog Biosimilar As It Writes Off $198m Of Value

Portfolio Rationalization Leads To 23 Product Discontinuations

 
• By Dean Rudge

With ambitions of $1bn of sales by 2025, Lannett is looking to bolster its top-line further by expanding its co-development pact with China’s HEC Group for insulin biosimilar products. Management discussed the goal as Lannett presented financial results, which included a significant pre-tax loss.

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Lannett has ambitions of $1bn of sales by 2025, driven by lucrative US opportunities like biosimilar insulins • Source: Shutterstock

Lannett has bolstered its biosimilar insulin co-development pact with China’s HEC Group in the US, adding a biosimilar candidate to Novo Nordisk’s NovoLog (insulin aspart) which is currently in development and for which the US-based firm will help manage the remaining clinical and regulatory steps.

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