Teva CEO Schultz: ‘Proof Is In The Pudding’ For US Biosimilars

Biosimilars Key For Teva As It Chases Mid-Single Digit Sales Growth

Teva CEO Kåre Schultz believes his prediction is coming true for the Truxima biosimilar in-licensed from Celltrion, as he gave the latest update on Teva’s efforts to settle significant legal issues around the US opioid crisis.

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Teva is "very happy about the situation we see in the biosimilar space," according to CEO Kåre Schultz • Source: Shutterstock

Teva’s president and CEO Kåre Schultz has expressed vindication that the Israeli firm has been able to leverage its position among the largest volume suppliers of US pharmaceuticals to the nascent biosimilars market, with a 20% share for the in-licensed Truxima (rituximab-abbs) that is set to grow further.

Ahead of Teva launching Truxima in November 2019, Schultz told delegates to the virtual J.P. Morgan Healthcare Conference, he had...

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An abbreviated licensure pathway for biologics was created by the 2009 Biologics Price Competition and Innovation Act. Biologics demonstrated to be biosimilar to or interchangeable with FDA-approved products can use the 351(k) biologics license application pathway. Biosimilars BLAs submitted under the 351(k) pathway have a 12 month user fee goal for FDA action. Updated weekly.

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