Biogen Signs a License and Commercialization Agreement with Bio-Thera for BAT1806 (biosimilar, tocilizumab) to Treat Moderate to Severe Rheumatoid Arthritis

Shots:

Bio-Thera to receive $30M up front following the achievement of P-III satisfactory results and is eligible for commercial milestones along with royalties. The transaction is expected to close in Q2’21
Biogen to get exclusive regulatory, manufacturing, and commercial rights of BAT1806 in all countries excluding China (includes Hong Kong, Macau, and Taiwan)
Biogen will expand its global biosimilars footprint with the potential approval of BAT1806 is a P-III clinical stage IL-6 receptor mAb that is a proposed biosimilar referencing Actemra (tocilizumab)

Click here to read full press release/ article | Ref: GlobeNewswire | Image: Seeking Alpha