BioCentury on BioBusiness,
Amgen decides Watson deal on biosimilars better for shareholders, marketing
Monday, January 2, 2012
Inc. is banking on the combination of its 30 years in the branded
biologics business and Watson
Pharmaceuticals Inc.'s commercial experience with generics to give the
partners a leg up in a space that has become crowded with competitors who
aspire to be big players in biosimilars.
Last month, Amgen and Watson
partnered to co-develop and commercialize biosimilars of cancer antibodies
worldwide. Watson will provide up to $400 million toward development costs, and
Amgen will be responsible for development and manufacturing. Watson will
receive royalties and sales milestones.
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