Collaborations & Alliances

Mylan, Momenta in Exclusive Global Biosimilar Alliance

To develop, manufacture and commercialize six of Momenta's candidates

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By: Kristin Brooks

Managing Editor, Contract Pharma

Mylan has entered into an exclusive global collaboration agreement with Momenta Pharmaceuticals to develop, manufacture and commercialize six of Momenta’s biosimilar candidates, including abatacept (Bristol-Myers Squibb’s rheumatoid arthritis drug ORENCIA), which had $1.7 billion in sales in 2014. Momenta will receive $45 million up front and as much as $200 million in milestone-related payments, with each company sharing the costs and profits for the products. The companies will...

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