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Biogen Is ‘Evaluating Strategic Options’ For Its Biosimilars Business

CEO Says ‘Formal Process Is Underway’ To Consider Selling To A New Owner

 
• By Dave Wallace

Biogen revealed that a formal process is now underway to “evaluate strategic options” for its biosimilars business, pointing to a potential transfer of the unit to a new owner.

Sell decision - yes or no? Wooden blocks
Biogen is weighing whether to sell its biosimilars business • Source: Shutterstock

Biogen is considering selling its biosimilars business to a new owner, as part of a strategic review of the unit that has been formally kicked off by the former Samsung Bioepis joint venture partner.

While Biogen in early 2022 agreed to sell its stake in Samsung Bioepis to partner Samsung Biologics (see sidebar) – with the deal completing a year ago (Also see "Biogen Exits Joint Venture As Samsung Biologics Buys Out

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