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Teva Announces Strategic Collaboration with Klinge Biopharma and Formycon for Commercializing Biosimilar Candidate to Eylea in Europe and Israel

Jan 13, 2025

Contract Type

partnership

Tel AvivManufacturingBiotechnologyHealth CareTherapeuticsPharmaceutical

Description

Teva Pharmaceuticals International GmbH has entered into a strategic collaboration with Klinge Biopharma GmbH and Formycon AG for the semi-exclusive commercialization of FYB203, Formycon's biosimilar candidate to Eylea (aflibercept) in Europe, excluding Italy, and in Israel. This collaboration aims to leverage Teva's commercial experience, distribution network, and sales and marketing reach across Europe with Formycon's capabilities in biosimilar medicine development.

Company Information

Company

Teva Pharmaceutical Industries Ltd

Location

Tel Aviv, Tel Aviv District, Israel

About

Teva Pharmaceutical Industries Ltd. is a leading global pharmaceutical company that delivers high-quality, patient-centric healthcare solutions to millions of people worldwide. With a focus on innovative medicines, especially in areas of central nervous system, pain, and respiratory therapies, Teva is dedicated to improving health and increasing access to medicines around the world.

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Agreement Insights

What this usually means
Strategic partnership established
Partnership agreements typically involve technology integration and joint go-to-market strategies

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