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Mylan and Momenta to jointly develop and commercialize six biosimilar products Posted 05/02/2016

Mylan NV has agreed an exclusive global collaboration with Momenta Pharmaceuticals Inc (Momenta) to develop, manufacture and commercialize six of Momenta's biosimilar candidates.

Included in the six is a version of Bristol-Myers Squibb’s rheumatoid arthritis drug, Orencia (abatacept), the other five biosimilars have not yet been specified.

Momenta will receive an advance payment of US$45 million from Mylan and up to US$200 million in milestone payments. Both companies will be jointly responsible for product development and Mylan will lead on global commercialization. Costs and profits will be shared equally.

Mr Craig A Wheeler, Momenta’s President and Chief Executive Officer, said that the collaboration combined ‘Momenta’s proven capabilities in complex product development and Mylan’s world-class R & D supply chain and commercial infrastructure’.

The collaboration will also benefit from Mylan’s partnership with Biocon, its existing biologicals and insulin analogue partner, who is developing six biosimilar programmes and three insulin analogue programmes, five of which have completed phase I clinical trials, and four are in active phase II testing.

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