Amgen (AMGN) Reaffirms its 2017 Guidance
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Amgen (AMGN) and Simcere Pharmaceutical Group Report Strategic Collaboration to Co-Develop And Commercialize Biosimilars In China
September 26, 2017 4:02 PM EDTAmgen (NASDAQ: AMGN) and Simcere Pharmaceutical Group today announced the execution of an exclusive agreement to co-develop and commercialize four biosimilars in China. The collaboration includes undisclosed biosimilars in the areas of inflammation and oncology.
Under the terms of the agreement, Amgen will remain responsible for the co-development, marketing approval applications and manufacturing of the biosimilars. Simcere will be responsible for distribution and commercialization in China, while Amgen will have a limited right to co-promote the products. The biosimilars included in the agreement are a part of Amgen's existing biosimilars portfolio.
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