| |OCTOBER 20238Tofidence (tocilizumab-bavi) intravenous formulation, a biosimilar monoclonal antibody referencing Actemra, has been authorized by the US Food and Drug Administration (FDA). The intravenous formulation of Tofidence has been authorized for the treatment of moderately to severely active rheumatoid arthritis polyarticular juvenile idiopathic arthritis, and systemic juvenile idiopathic arthritis.Tofidence is the first tocilizumab biosimilar approved in the United States. Biosimilars are biologic products that have been demonstrated to have equivalent efficacy and comparable safety as the approved reference product, with the advantage that they may offer cost savings and promote expanded and sustainable access to therapies. Spending on therapies for autoimmune diseases has consistently increased by 10-25 percent each year over the past decade. Since biosimilar entry in the US, medicines with biosimilar competition have experienced greater patient adoption equaling more than 150 million days of patient therapy, as per pharmabiz."The approval of Tofidence in the US marks another positive step toward helping more people with chronic autoimmune conditions gain access to leading therapies," said Ian Henshaw, global head of biosimilars at Biogen. "With the increasing numbers of approved biosimilars, we expect increased savings and sustainability for healthcare systems and an increase in physician choice and patient access to biologics."Tofidence was commercialized and licensed by Biogen and Bio-Thera in April 2021. Tofidence, developed by Bio-Thera, will be sold in the United States by Biogen. Biogen owns exclusive regulatory, manufacturing, and commercial rights to Tofidence in all countries except China (including Hong Kong, Macau, and Taiwan) under the agreement. Tofidence's possible launch timeframe in the United States is presently being evaluated by Biogen. POIQuest Enterprises a multi-sector investment group, will purchase Viatris' active pharmaceutical ingredients (API) business in India for an undisclosed sum. As per IQuest Enterprises, the investment firm has entered into a binding deal to acquire Viatris' API activities in India. According to the company, IQuest emerged as the chosen investor after a global competitive offer. The company will acquire six API production facilities, three each in Vizag and Hyderabad, an R&D center in Hyderabad, and third-party API sales as part of the purchase."We are excited about our largest investment in the pharmaceutical sector till date. Our investment comes at an opportune time when India is drawing significant attention amongst the global pharma industry," IQuest Enterprises Executive Director Gunupati Swathi Reddy noted.IQuest Enterprises is a multi-sector investment company. It has invested in various entities like AIG Hospitals, CARE Hospitals, and Celon Laboratories, as per business standard.Viatris, based in the United States, announced in a separate announcement that it has signed an agreement to sell its API business in India to IQuest Enterprises. Viatris will, however, retain some selective R&D skills in API, according to the company.Active Pharma Labs is a leading pharmaceutical education and technology institute. Active Pharma Labs provides hands-on training in pharmaceutical sciences technology, and regulatory compliance that is fully integrated. Active Pharma Labs provides and awards pharmaceutical skills certification to university and college graduates who have finished its programs and met professional excellence standards. POBIOGEN'S TOFIDENCE BAGS US FDA APPROVAL TO TREAT RHEUMATOID ARTHRITISIQUEST ENTERPRISES TO ACQUIRE ACTIVE PHARMATOP STORIES
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