Zydus receives approval from COFEPRIS of Mexico to market Bhava™ to treat various cancers

Zydus Lifesciences Limited (including its subsidiaries/ affiliates, hereafter referred to as "Zydus") today announced that the Mexican regulatory authority COFEPRIS (Federal Commission for the Protection Against Sanitary Risk), has granted marketing approval for Bhava™, a Bevacizumab biosimilar. Bhava™ (Bevacizumab), will be marketed in different strengths of 100 mg/4 ml and 400 mg/16 ml and used in the treatment of metastatic Colorectal Cancer (mCRC), non-squamous non-small cell lung cancer, metastatic breast cancer, glioblastoma, advanced and/or metastatic renal cell carcinoma and ovarian cancer patients. As per a WHO report of 2020, out of the total cancer cases reported in Mexico, breast, prostate, colorectal and thyroid were amongst the common cancer cases registered.

Speaking on the development, Dr. Sharvil Patel, Managing Director, Zydus said, "We welcome the approval granted to the first of our biosimilars for patients in Latin America. To bring in greater access and affordability to patients battling critical ailments, we have been developing a pipeline of biosimilars, specifically in oncology. Precision diagnostics and access to affordable therapies are empowering millions of patients in their fight against cancer in India. With Bhava™, we begin a new journey of supporting patients with need-based therapies in Latin America." 

Zydus had developed and launched the Bevacizumab biosimilar developed in-house by the research team at the Zydus Research Centre (ZRC) in 2015 in India under the brand name Bryxta™.  Since then, an estimated 50000 patients have been treated with the therapy. With twelve lifesaving biosimilars already launched in the market, Zydus has been bridging the unmet need for affordable therapies in the fight against cancer in India.

Shares of Cadila Healthcare Limited was last trading in BSE at Rs. 1144.60 as compared to the previous close of Rs. 1185.30. The total number of shares traded during the day was 105145 in over 4403 trades.

The stock hit an intraday high of Rs. 1168.75 and intraday low of 1137.90. The net turnover during the day was Rs. 121895208.00.

Source : Equity Bulls

Keywords

ZydusLifesciences INE010B01027 Approval COFEPRIS Mexico Marketing Bhava CancerTreatment BevacizumabBiosimilar