Zydus Lifesciences partners exclusively with Germany's Formycon to develop, manufacture, and commercialize a biosimilar version of Merck's blockbuster Keytruda (pembrolizumab). This high-stakes alliance targets the $25B+ oncology market, accelerating Zydus' global biosimilars push amid patent cliffs.
Strategic Pharma Power Play
Zydus Lifesciences, a leading Indian pharma innovator, has inked an exclusive global partnership with Formycon, a biosimilars specialist, for pembrolizumab biosimilar – the generic rival to Keytruda, the world's top-selling cancer drug used in lung, melanoma, and more treatments. This deal leverages Zydus' manufacturing prowess and Formycon's development expertise to challenge Merck's dominance post-patent expiry.
Key Highlights:
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Exclusive Rights: Zydus gains worldwide commercialization rights (ex-China), with Formycon handling development and regulatory filings.
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Blockbuster Potential: Keytruda generated $25B+ in 2024 sales; biosimilar could capture share as patents lapse in key markets by 2028.
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Milestone-Driven: Upfront payments, regulatory milestones, and tiered royalties fuel Zydus' biosimilars pipeline expansion.
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Market Boost: Strengthens Zydus' oncology portfolio, eyeing US/EU approvals via 351(k) pathway for faster market entry.
This partnership positions Zydus as a biosimilars heavyweight. Investors, watch for trial updates!
Sources: Zydus Lifesciences Press Release, Formycon Announcements, Business Standard.