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No Takers For Biogen’s Biosimilars Business?

Firm Suggests It Could Retain Biosimilars Unit Amid Lack Of ‘Acceptable’ Offers

 
• By Dave Wallace

It’s been a year since Biogen made it clear that it was ready to put its biosimilars business on the market. But despite signaling interest in the unit from multiple potential suitors over the past 12 months, the firm says it hasn’t yet received any “acceptable” offers, and may retain it after all.

Man with hammer stopped from smashing a piggy bank
Suitors do not appear ready to smash open the piggy bank for Biogen • Source: Shutterstock

No one is ready to pay Biogen an “acceptable” amount for its biosimilars business. That is the message that came through from the firm’s latest results call, in which management discussed the future for the unit as well as providing an update on its latest biosimilars sales.

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