Teva Plugs Gap With Celltrion Deal For Rituxan And Herceptin Biosimilar Candidates

Teva is looking to tap into $6.5bn in US sales of Herceptin and Rituxan in a new deal for North American rights to two of Celltrion's pipeline biosimilars for $160m upfront.

Teva Pharmaceutical Industries Ltd. has signed a deal to commercialize two of Celltrion Inc.'s monoclonal antibody (mAb) biosimilar candidates in the US and Canada. Celltrion's CT-P10 is a proposed biosimilar to Rituxan (rituximab) and CT-P6 is a biosimilar candidate to Herceptin (trastuzumab).

The agreement is exactly what Teva's Global Generic Medicines CEO Sigurdur Olafsson said he was looking for in a recent investor meeting

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