Korea's Celltrion Eyes Eastern Bloc For Biosimilar Expansion
SEOUL - South Korean biopharmaceutical firm Celltrion posted record high profits in the third quarter, thanks to continued brisk shipment of its biosimilars of Roche's oncology agent Herceptin (trastuzumab) and Johnson & Johnson's rheumatoid arthritis agent Remicade (infliximab) to countries in South America, the Middles East and Asia
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CEO Paul Stoffels said gaining US clearance for an IND for its novel CAR-T product was demanding, but now opens up a pathway towards a pivotal study starting in 2025.
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