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Sandoz Plugs Ophthalmology Gap With Coherus Ranibizumab Deal

Deal Includes $170m Upfront; Coherus Pushing Into Novel Oncology Space

 
• By Dean Rudge

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.

M&A
• Source: Shutterstock

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.

The deal, which boosts Sandoz as it anticipates filings for a biosimilar to the cornerstone anti-VEGF eye-disease biologic Eylea (aflibercept), comprises the Cimerli biologics license application, product inventory, ophthalmology sales and

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