As Novartis’ Sandoz unit prepares to go it alone, the off-patent medicines specialist is buckling up for the biosimilars long haul.
Sandoz on Tuesday struck an accord with Just – Evotec Biologics to develop and manufacture biosimilar candidates over a multiyear stretch. The deal, which includes an “option for expansion,” marks the latest step in Sandoz’s quest to strengthen itself as a standalone company, the generics unit said in a release.
The companies did not say how much they are paying for the deal.
Last summer, Novartis telegraphed plans to spin off Sandoz. The decision came as part of a wider strategic review at the company that kicked off in October 2021. As of last August, the spinoff was expected to wrap up in the second half of 2023.
Under its latest pact, Sandoz will get its hands on Just – Evotec Biologics’ drug substance development platform and manufacturing technology. Sandoz will use that tech to expand its current pipeline of biosimilars from 15 to about 24 candidates
Further, Sandoz will leverage the deal to continue to hone its early-stage biosim pipeline, the company said.
Just – Evotec sports what Sandoz calls an “optimized proprietary ecosystem” for drug development and manufacturing. Specifically, the Evotec subsidiary boasts an advanced continuous manufacturing process, which, despite its freshness, is an “already well-established technology which delivers enhanced quality and productivity in biologics production,” Sandoz said.
Sandoz has been...
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