Moneycontrol
HomeNewsBusinessCompaniesBiocon expects biosimilar launches to be fast-tracked following US top court verdict
Trending Topics

Biocon expects biosimilar launches to be fast-tracked following US top court verdict

Bio-pharmaceutical firm Biocon said the latest verdict by US Supreme Court in the case of Amgen versus Sandoz will help biosimilar makers expedite the launch of the lifesaving drugs without waiting an additional six months after exclusivity period ends.

June 15, 2017 / 14:00 IST
Story continues below Advertisement

Viswanath Pilla Moneycontrol News

Bio-pharmaceutical firm Biocon said the latest verdict by US Supreme Court in the case of Amgen versus Sandoz will help biosimilar makers expedite the launch of the lifesaving drugs without waiting an additional six months after exclusivity period ends.

"We are pleased with the US Supreme Court decision as it clarifies that the Biologics Price Competition and Innovation Act (BPCIA) was intended to facilitate the entry of biosimilar drugs into the market and not grant an additional six months of exclusivity to innovators,” said Kiran Mazumdar-Shaw, CMD of Biocon in an e-mail interaction with Moneycontrol.

Story continues below Advertisement

“The Court’s ruling opens the possibility for patients gaining quicker access to new and potentially lifesaving biosimilars,” Mazumdar-Shaw said.

Two of the Biocon’s biosimilars pegfilgrastim and trastuzumab are now under review by the US drug regulator, while the company is in the process of filing biologics license application (BLA) in US for insulin glargine shortly.