Aurobindo Pharma subsidiary enters pact with BioFactura for biosimilar ustekinumab
CuraTeQ Biologics, a wholly owned subsidiary of Aurobindo Pharma said it has entered into an exclusive license agreement with the US-based BioFactura to commercialize BFI-751, a proposed biosimilar to Stelara (ustekinumab). Ustekinumab is used for...
Ustekinumab is used for treating Crohn's disease, ulcerative colitis, plaque psoriasis and psoriatic arthritis.
As part of the agreement BioFactura will receive license fees of a total not exceeding $33.5 million spread across different milestones leading to commercialization in regulated markets.
A profit-sharing arrangement has been agreed by both the parties with CuraTeQ receiving 57 - 60% of the profits depending upon the markets.
CuraTeQ will have global manufacturing rights for the Ustekinumab biosimilar.
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