Bio-Thera Solutions Ltd. has broadened its relationship with Russia’s Pharmapark while expanding the potential geographic reach of its proposed biosimilar to Janssen’s Stelara (ustekinumab), reaching license and supply agreements with Pharmapark for the Chinese player’s BAT2206 biosimilar ustekinumab candidate in Russia and other Commonwealth of International States countries.
Under the latest partnership agreement, Pharmapark will have exclusive rights to distribute and market the drug with a status of a local product in the territories. “This partnership will leverage Pharmapark’s strong local presence, sales and marketing capabilities in Russia and other CIS countries,” the firms noted