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Formycon Highlights Greater Focus On Biosimilars As Athos Deal Completes

Anticipated Profits From Biosimilar Candidates To Expand Future Development

 
• By Chloe Kent

Formycon has completed its acquisition of Athos’ biosimilar candidates for Stelara and Lucentis, following the announcement of the deal in March.

Gloved hand holding a vial and syringe
The two biosimilars should give Formycon's biosimilar business a significant boost • Source: Shutterstock

German biotech Formycon has completed the acquisition of two of Athos’ biosimilar candidates, as well as subsidiary operational development unit Bioeq GmbH, as part of a €650m ($686m) deal between the two firms.

Formycon expects to use the eventual profits from the transaction to fund further ventures in the biosimilar space, with chief financial officer Nicolas Combé remarking: “Within the framework of a long-term strategic partnership with our anchor investors, Formycon aims to become

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