Pfizer And Biocon Dissolve Pact | Chemical & Engineering News
Volume 90 Issue 12 | p. 21 | Concentrates
Issue Date: March 19, 2012

Pfizer And Biocon Dissolve Pact

Department: Business
Keywords: biosimilars, pharmaceuticals, emerging markets

Less than two years after teaming to develop biosimilar versions of insulin, Pfizer and India’s Biocon are parting ways. In October 2010, Pfizer forked over $200 million up front for the marketing rights to four Biocon insulin products; Biocon was eligible for another $150 million in milestones as the drugs were to be launched around the world. Last week, the companies said that as a result of “individual priorities for their . . .

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