Merck KGaA gets hold on $117 million contract for Samsung biosimilar

| By | Merck KGaA, Samsung, South Korea

Merck KGaA, a global health care company, has won a $117 million contract to supply the biosimilar Renflexis, developed by Samsung Bioepis Co., to the U.S. Department of Veterans Affairs.

Merck, known as MSD outside the U.S. and Canada, said last week that Renflexis was awarded a national contract. Under a 2013 deal, Merck is responsible for commercializing multiple biosimilar candidates in certain partnered territories, while Samsung Bioepis is responsible for preclinical and clinical development, process development and manufacturing, clinical trials and regulatory registration.

Renflexis – a biosimilar of Janssen Biotech, Inc.’s blockbuster immunology medicine Remicade – won approval from the U.S. Food and Drug Administration in April 2017.

In 2015, South Korea’s Ministry of Food and Drug Safety approved Renflexis for treatment for rheumatoid arthritis, ankylosing spondylitis, Crohn’s disease, ulcerative colitis, psoriatic arthritis and plaque psoriasis.

Samsung Bioepis is a joint venture between Samsung BioLogics and Biogen Inc. Samsung BioLogics is a biopharmaceutical unit of South Korea’s top conglomerate Samsung Group.

SOURCE: yonhap news
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