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Asian Pharmaceutical’s Weekly Highlights:
This week, several Asian pharmaceutical companies made significant announcements and developments, advancing their respective pipelines and solidifying their positions in the market.
Celltrion: Celltrion, a South Korean biotech company, received FDA approval for its intravenous formulation of Truxima, a biosimilar of Amgen’s Rituximab, to treat non-Hodgkin’s lymphoma and rheumatoid arthritis. This approval marks the first-ever FDA approval for a Korean biosimilar.
Ono Pharma: Ono Pharma, a Japanese biotech company, released positive results from its phase 3 trial for its blood product, a treatment for blood disorders. The trial showed significant improvement in patients with hemophilia A, setting the company up for potential FDA approval in the future.
Sun Pharma: Sun Pharma, an Indian pharma company, acquired US-based Grixmex, a dermatological-focused CDMO (Contract Development and Manufacturing Organization). The acquisition expands Sun Pharma’s presence in the US market and enhances its capabilities in developing and manufacturing dermatological products.
Syngene: Syngene, an Indian contract research organization (CRO), inked a deal with a US-based biotech to conduct phase 2 clinical trials for a novel anti-cancer drug. This marks another significant milestone for Syngene, solidifying its reputation as a trusted CRO partner for Asian biotech companies.
Zydus: Zydus Cadila, an Indian pharma company, launched its own version of a promising Anti-PD-1 therapy, already available under the brand name Tecentriq from Roche. This move aims to provide a cheaper alternative to patients in India and other countries where access to innovative treatments is still a significant challenge.
Sichuan Kelun Smartkarma: Sichuan Kelun, a Chinese pharma company, entered into a partnership with a US-based biotech to conduct clinical trials for a novel treatment for rare lung disease. This collaboration not only expands Sichuan Kelun’s global reach but also demonstrates its commitment to developing innovative treatments for unmet medical needs.
In summary, this week’s news from the APAC healthcare sector highlights significant advancements in biosimilar development, clinical trials, M&A, and partnerships. Asian pharma companies continue to make strides in their respective markets, demonstrating their capabilities, innovation, and commitment to improving patient care.