Daily Newsletter

09 August 2023

Daily Newsletter

09 August 2023

J&J signs Stelara biosimilar settlement deal with Formycon and Fresenius

The deal sets the biosimilar’s potential US launch date to no later than April 2025, following two agreements signed earlier this year.

Adam Zamecnik August 08 2023

Johnson & Johnson (J&J) has reached a settlement with Formycon and Fresenius over their Stelara biosimilar FYB202, setting its US launch date to 15 April 2025.

The companies confirmed that they are on track to submit the biosimilar’s biologics license application (BLA) later this year, based on the 7 August announcement. 

This marks the third settlement reached by J&J and pharma companies that are trying to market Stelara’s biosimilars this year so far. In May, J&J settled its patent lawsuit with Amgen, setting the biosimilar’s launch to no later than 1 January 2025. A month later, J&J reached a settlement with the producers Alvotech and Teva Pharmaceuticals, with a US licence entry date for their Stelara biosimilar AVT04 of no later than 21 February 2025.

Also known as ustekinumab, Stelara was first approved by the US Food and Drug Administration (FDA) for the treatment of adult patients with moderate to severe plaque psoriasis in September 2009. The FDA later approved the IL-12/IL-23 inhibitor’s use in moderate to severe Crohn’s disease in November 2016. The monoclonal antibody is also used in active psoriatic arthritis and ulcerative colitis.  J&J made $9.72bn in global Stelara sales in 2022, based on its 2022 annual report.

In February, Formycon and Fresenius Kabi announced the conclusion of a global licence agreement that lets the latter handle the commercialisation of FYB202 in key global markets. Formycon received an upfront payment as part of the agreement, alongside further milestone payments in the range of mid-double digit million Euros, per the 2 February announcement.

Apart from FYB202, Formycon has successfully developed a biosimilar of Genentech’s Lucentis, which has already launched in the EU, UK and US. While the EU and UK launches were done by Teva, Coherus BioSciences markets the drug in the US.

This year brought major developments in Fresenius’ biosimilar pipeline. In July, Fresenius launched its citrate-free Humira biosimilar Idacio in the US, joining the ranks of other companies that launched their Humira copycats in a landmark year for biosimilars.

Healthcare companies are hesitant to invest in the metaverse

The COVID-19 pandemic pushed the healthcare industry to rapid digitalization. Increased use of telehealth, telepresence systems, remote diagnostics, predictive AI, and wearable technology is changing how healthcare is delivered and improving patient outcomes. Emerging technologies such as AR and VR are becoming increasingly routine for professional training, surgical assistance, and treatment of psychological and neurological disorders. In the pharma and medical devices industries, AR, VR, and AI are rapidly accelerating drug discovery and manufacturing and generating supply chain efficiencies. New digital opportunities will look to build upon disruptive technologies. However, affordability is a limiting factor to widespread adoption. Per GlobalData estimates, the metaverse market is expected to grow at a CAGR of more than 33% between 2023 and 2030. Although metaverse technologies could reinvent healthcare approaches and bring new experiences to healthcare providers and patients, adoption is still at an early stage. There are currently few use cases in the healthcare industry. The metaverse needs to overcome major challenges for healthcare, including regulation and data privacy concerns. Evidence of proven use cases and participation by a critical mass of users are imperative to drive a shift in metaverse investment.

Newsletters by sectors


Sign up to the newsletter: In Brief

Your corporate email address *
First name *
Last name *
Company name *
Job title *
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Thank you for subscribing

View all newsletters from across the GlobalData Media network.