Sandoz Makes Major Moves To Bolster Biosimilars Ahead Of Spinoff

Announces Development Partnership With Evotec And Investment In Holzkirchen Site

Sandoz has made further preparations to bolster its biosimilars business ahead of its spinoff from parent company Novartis, announcing a development and manufacturing deal with Evotec at the same time as unveiling a further investment in its Holzkirchen site to transform it into a biotech development hub.

Sandoz logo on building
Sandoz is building up its biosimilars business before spinning off from Novartis • Source: Shutterstock

Major moves to bolster Sandoz’s biosimilars business ahead of its imminent spinoff from parent company Novartis have been revealed by the firm, in the form of a wide-ranging development and manufacturing partnership with Evotec that is potentially worth hundreds of millions of dollars, as well as a further €25m ($27m) investment in Sandoz’s German Holzkirchen site to transform it into a “state-of-the-art biotech lab” by the end of this year.

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