Cipla Gulf expands partnership with Alvotech for marketing and distribution of four biosimilar medicines

Drug major Cipla on Tuesday said its Gulf subsidiary is expanding its partnership with Alvotech for the marketing and distribution of four biosimilar medicines in Australia and New Zealand.

Cipla Gulf FZ LCC is expanding its partnership with Alvotech for the marketing and distribution of four biosimilar medicines in Australia and New Zealand, the company said in a regulatory filing.

As part of this strategic alliance, Cipla Gulf will be responsible for commercialisation of patented biosimilars of the biologic medicine brands -- Aflibercept, Ustekimumab, Denosumab and Golimumab.

Cipla said the products are developed and manufactured by Alvotech and will be distributed by Cipla Gulf through Australia and New Zealand distribution networks. These innovative products recorded USD 700 million in aggregate 2020 sales in Australia.

Nishant Saxena, CEO, International Business (Europe & Emerging Markets), Cipla, said, "Ensuring access to critical medicines is core to our purpose of ''Caring for Life'' and this partnership is a step in that direction. We believe Alvotech''s products will enhance our biosimilars pipeline and allow us to establish a pantherapy presence in the specialties segment, improving our footprint in this strategic Australia market."