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Celltrion Recovers With High-Margin US Sales

Company Files For Donepezil Patch With Korean Ministry of Food and Drug Safety

 
• By Akriti Seth

South Korea’s Celltrion has delivered a strong second quarter on the back of high-margin US sales, as its Truxima rituximab biosimilar recovered. The company is on track to launch at least one biosimilar every year by 2030. Meanwhile, the company and partner Icure have filed a donepezil patch with the Korean Ministry of Food and Drug Safety.

Business strategy
Celltrion delivered a strong quarter as it revealed plans to continue launching biosimilars in new markets • Source: Alamy

After reporting a drop in revenues in the first quarter of 2021, Celltrion recovered with 21.6% quarter-on-quarter growth and 3.1% year-on-year growth in the second quarter of 2021. The company cited high-margin US sales and the recovery of US Truxima (rituximab) sales, as well as the new supply of its Regkirona COVID-19 treatment, as the main reasons for the growth.

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