Blog Big Molecule Watch May 13, 2022

Formycon AG Acquires Biosimilar Assets Ustekinumab and Ranibuzumab

On May 10, 2022, Formycon AG (“Formycon”) and ATHOS KG (“ATHOS”) announced that they have closed a transaction regarding the biosimilar assets FYB201 (ustekinumab) and FYB202 (ranibuzumab).  According to the press release, Formycon has acquired 100% of the rights in FYB202, a biosimilar candidate for STELARA®, and ATHOS’s 50% stake in FYB201, a biosimilar candidate for LUCENTIS®.  Formycon also acquired Bioeq, GmbH (“Bioeq”), and according to Formycon, “with the integration of its long-time partner Bioeq, Formycon is expanding its expertise in a number of sectors that are important for the development, approval and commercialization of biosimilars.”  Formycon paid approximately €650 million with its shares for the acquisition, which puts ATHOS as Formycon’s largest shareholder, holding around 26.6% of the shares.

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