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Biocon Biologics Secures Global Rights for Hulio
23 Dec
Summary
- Biocon Biologics now holds exclusive global rights for Hulio (biosimilar Adalimumab).
- The company assumes full responsibility for manufacturing and commercialization.
- This move enhances flexibility and aims to expand affordable access to biologics.
Biocon Biologics has finalized an agreement, securing complete and exclusive worldwide rights for Hulio, the biosimilar Adalimumab. This pivotal deal transfers end-to-end manufacturing and commercialization responsibilities to Biocon Biologics, along with authority for future development.
This new accord replaces the prior collaboration with Fujifilm Kyowa Kirin Biologics (FKB). While FKB will receive a technology license fee and royalties, they will also contribute to offsetting development costs. Commercial production will commence following successful technology transfer and regulatory approvals.
The strategic acquisition significantly enhances Biocon Biologics' operational flexibility and cost-effectiveness. This move underscores the company's commitment to increasing global access to high-quality, affordable biologics for patients managing inflammatory conditions.
