Biocon Biologics Secures Full Global Rights to Biosimilar Adalimumab through Expanded FKB In-Licensing Agreement

Biocon Biologics Limited, a fully integrated global biosimilars company and subsidiary of Biocon Ltd. (BSE: 532523, NSE: BIOCON), today announced that it has secured full and exclusive global rights for Hulio® (biosimilar Adalimumab) from Fujifilm Kyowa Kirin Biologics Co., Ltd. (FKB). Under this new agreement, Biocon Biologics will assume end-to-end responsibility for manufacturing and commercialization along with rights for any additional development activities.

The new agreement supersedes the existing collaboration agreement between Biocon Biologics and FKB for biosimilar Adalimumab, under which Biocon Biologics only had commercialization rights.

Under the terms of this agreement, FKB will participate in the development of the product and will offset certain development costs incurred by Biocon Biologics. In turn, Biocon Biologics will pay a technology license fee and royalties on sales to FKB for a specified tenure.

Commercial production of biosimilar Adalimumab at Biocon Biologics' facilities will commence following successful technology transfer and regulatory approvals.

Shreehas Tambe, CEO & Managing Director, Biocon Biologics Limited, said: "This agreement with FKB provides Biocon Biologics the manufacturing rights to biosimilar Adalimumab, granting us end-to-end control over the product. This strategic move enhances flexibility and cost efficiency, reinforcing our commitment to expanding affordable access to high-quality biologics for patients with inflammatory diseases globally."

Biocon Biologics initially acquired the commercial rights to biosimilar Adalimumab in 2022 through its acquisition of Viatris' global biosimilars business. Viatris had previously in-licensed the product from FKB. Under the earlier arrangement, FKB manufactures and supplies the product to Biocon Biologics, which holds global commercial rights for HULIO.

Adalimumab is one of the three immunology biosimilars in Biocon Biologics' overall portfolio, which underscores the Company's strategic focus on expanding access to biologics for immune-mediated diseases worldwide.

Shares of Biocon Limited was last trading in BSE at Rs. 399.05 as compared to the previous close of Rs. 398.35. The total number of shares traded during the day was 400074 in over 3105 trades.

The stock hit an intraday high of Rs. 402.80 and intraday low of 397.15. The net turnover during the day was Rs. 160207034.00.

Source : Equity Bulls

Keywords

Biocon INE376G01013 Biotechnology BioconBiologics GlobalRights Hulio Biosimilar Adalimumab