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Bio-Thera Out-licenses EU Rights for Arthritis Biosimilar in $157 Million Deal

publication date: May 30, 2024

Bio-Thera Solutions, a Guangzhou biopharma focused on innovative and biosimilar drugs, sold European rights for a biosimilar to Germany’s STADA Arzneimittel in a $157.5 million agreement. The biosimilar is Golimumab (BAT2506), a human IgG1 monoclonal antibody that targets tumor necrosis factor alpha (TNF- α), a pro-inflammatory molecule. BAT2506 is a proposed biosimilar to Janssen’s Simponi® (golimumab), which is approved to treat arthritis and other autoimmune disorders. In 2023, Bio-Thera completed a China Phase III trial of BAT2506 in psoriatic arthritis patients, but it hasn’t released the results. More details....

Stock Symbol: (SHA: 688177)

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