Wednesday, May 8, 2013

Oncobiologics in biosimilar pact with Zhejiang Huahai Pharmaceutical Co. Ltd

US based Oncobiologics, Inc. and China based Zhejiang Huahai Pharmaceutical Co., Ltd   have signed an alliance agreement for the development, manufacture and commercialization of biosimilar monoclonal antibody products.  The four biosimilars which oncobiologics is developing are generic versions of Humira®, Rituxan®, Avastin®, and Herceptin®. The scope of the agreement includes exclusive commercialization by Huahai of these four biosimilars developed by Oncobiologics and manufactured in China at a Huahai biologics facility for the China market.


The two companies will also establish a co-development and commercialization partnership for launching such biosimilars to more than 30 developed countries, including the U.S., E.U., Japan, Canada and Australia.  The partnership will seek local partners to drive commercialization in those 30 countries.


About Zhejiang Huahai Pharmaceuticals Co., Ltd.
Zhejiang Huahai Pharmaceuticals Co., Ltd. was founded in 1989, and the company's stock was successfully listed in Shanghai Stock Exchange in March, 2003. The company produces finished dosage forms, APIs (Active Pharmaceutical Ingredients) and intermediates for both domestic and international markets. With total assets of 3,200 million yuan, the company has 11 subsidiaries in the United States, Shanghai, Hangzhou, and Linhai.  It occupies an area of 800,000 square meters, and has a staff of 3800. Huahai has been recognized as a National Key Hi-tech Enterprise, a National Pilot Enterprise of Innovation, a "State Certified Enterprise Technology Center" and is among China's top 500 private enterprises.  For more information, visit:  en.huahaipharm.com

About Oncobiologics, Inc.
Oncobiologics is a privately-held biopharmaceutical company developing a pipeline of biosimilars and next generation biotherapeutics focused on clinically validated targets in the therapeutic areas of oncology, immuno-oncology, and immunology. Formed by a team of leading industry experts from firms such as Eli Lilly, Bristol-Myers Squibb, Amgen, Genentech, Merck and Pfizer, Oncobiologics operates from a state-of-the-art 30,000 sq. ft. R&D facility in Cranbury, NJ. For more information, please visit www.oncobiologics.com