Pfizer Takes ‘Opportunistic’ Approach To Future Biosimilars

Company Sees 93% Growth In Biosimilars Business To $559m In Q2

Pfizer reported double-digit growth in its biosimilars and sterile injectables segments, as the company indicated that it would take a more “opportunistic” approach to its biosimilars business in future. The company has also revised its overall 2021 financial guidance as it expects better numbers on the back of its COVID-19 vaccine business.

Growth
Pfizer has seen growth in both biosimilars and sterile injectables business • Source: Alamy

Pfizer has revealed that it will take a more “opportunistic” approach to biosimilar investments in future, as the firm reported a staggering 88% operational growth and 93% overall growth in its biosimilars business globally in the second quarter of 2021. The company’s biosimilars segment clocked in $559m in Q2, compared to $289m in the prior-year period.

According to Pfizer, the growth in biosimilars was “primarily driven by recent oncology monoclonal antibody biosimilar launches of Zirabev (bevacizumab), Ruxience (rituximab) and Trazimera (trastuzumab) globally, as well as continued growth from Retacrit (epoetin) in the US,

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