Sandoz is set to fill a major gap in its blossoming biosimilars portfolio and bolster its ophthalmology offering by acquiring Coherus BioSciences’ Formycon-partnered Cimerli (ranibizumab-eqrn) biosimilar to Genentech’s Lucentis in the US for $170m upfront, plus inventory costs.
Sandoz Plugs Ophthalmology Gap With Coherus Ranibizumab Deal
Deal Includes $170m Upfront; Coherus Pushing Into Novel Oncology Space
Sandoz has truly spread its wings since separating from Novartis, striking its first post-spinoff acquisition agreement by taking the Lucentis biosimilar Cimerli from Coherus BioSciences, which is moving in a different strategic direction.
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