Pfizer Takes ‘Opportunistic’ Approach To Future Biosimilars

Company Sees 93% Growth In Biosimilars Business To $559m In Q2

 
• By Akriti Seth
  
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Pfizer reported double-digit growth in its biosimilars and sterile injectables segments, as the company indicated that it would take a more “opportunistic” approach to its biosimilars business in future. The company has also revised its overall 2021 financial guidance as it expects better numbers on the back of its COVID-19 vaccine business.

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Pfizer has seen growth in both biosimilars and sterile injectables business • Source: Alamy

Pfizer has revealed that it will take a more “opportunistic” approach to biosimilar investments in future, as the firm reported a staggering 88% operational growth and 93% overall growth in its biosimilars business globally in the second quarter of 2021. The company’s biosimilars segment clocked in $559m in Q2, compared to $289m in the prior-year period.

According to Pfizer, the growth in biosimilars was “primarily driven by recent oncology monoclonal antibody biosimilar launches of Zirabev (bevacizumab),...

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