Biosimilar brand buy to help Intas Pharma take on biggies
In one of the biggest deals worldwide for a biosimilar brand, Ahmedabad-based Intas agreed to buy Udenyca-the brand name for medication pegfilgrastim-cbqv-from US-based Coherus BioSciences. Udenyca will be sold in the US by Accord BioPharma, the specialty division of Intas Pharma.
Intas Pharmaceuticals' acquisition of Udenyca for up to $558.4 million (about Rs 4,784 crore) will pit it against other leading biosimilar makers like Biocon, Amgen, Pfizer, Fresenius Kabi and Sandoz in the fast-growing global market for oncology treatment.
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