www.stocktitan.net
Teva and Samsung Bioepis Announce Agreement to Commercialize Two FDA-Approved Biosimilars in the U.S.
Teva (TEVA) signed an agreement with Samsung Bioepis for U.S. commercialization rights to two FDA-approved biosimilars for inflammatory and autoimmune conditions. Biosimilars are biological medicines referencing existing biologic treatments. The products are ETICOVO (etanercept-ykro), referencing Enbrel, and infliximab-abda, referencing Remicade.ETICOVO rights transfer at closing; infliximab-abda rights transfer in Q3 2027. The transaction is anticipated to close by the end of 2026, subject to necessary regulatory approvals and customary closing conditions. ETICOVO is not currently available in the U.S.; its commercialization timing will be announced later. Samsung Bioepis retains manufacturing and regulatory oversight. Subject to certain conditions, Teva will make an upfront payment over the next 3 years, with possible additional launch and sales milestone payments. The companies will share commercialization profits.