In many ways, Viatris is a product of the recent challenges faced by copycat drug developers.
In the world’s largest pharmaceutical market, the U.S., generics companies have found maintaining profits more difficult because of pressure on prices. At the same time, biosimilar sales remain relatively low due to the complicated patent webs that block many manufacturers from making inroads.
For some of the biggest, most diversified drug companies, these obstacles have raised questions about whether money would be better spent elsewhere. Biogen, for instance, announced in January plans to sell its stake in a joint venture focused on biosimilars. The Swiss pharmaceutical giant Novartis has also said it might offload its struggling generics unit Sandoz.
Viatris, meanwhile, was created through a merger between Pfizer’s generics business, called Upjohn, and Mylan, which had hit a series setbacks manufacturing- and pricing-related setbacks over the preceding few years. READ MORE
by Jacob Bell
Source: biopharmadive.com
Stefan Doboczky has served as Chairman of the Board of Directors of Hovione since 2024, where he has been instrumental in shaping the company’s strategy and vision. He will step down as Chairman upon assuming the role of Chief Executive Officer.
CordenPharma is investing €80 million at its Caponago, Italy, site, adding a new facility and fill-finish lines to lift sterile injectable capacity to 500 million units/year, backed by shareholder Astorg. The expansion involves two key components to augment manufacturing capacity for sterile injectable drug products.
The investment will reinforce the Bend site as a center of excellence for particle engineering and bioavailability enhancement and create a global manufacturing hub for commercial spray-drying. Lonza will offer a full range of spray-dried dispersion (SDD) capacity to support customers across both clinical and commercial programs.
