Picture of Kyowa Electronic Instruments logo

6853 — Kyowa Electronic Instruments News Story

0.000.00%
jp flag iconLast trade - 00:00
IndustrialsBalancedSmall CapNeutral

AstraZeneca chases biosimilar Avastin drug with Japanese group

By Ben Hirschler 
    LONDON, July 24 (Reuters) - AstraZeneca  AZN.L  is dipping 
its toe in the biosimilars market, as a way to make future 
cancer drug cocktails more affordable, by linking with a 
Japanese group to develop a copy of Roche's  ROG.VX  blockbuster 
medicine Avastin. 
    Its new 50/50 joint venture with Fujifilm Kyowa Kirin 
Biologics (FKB) will work on a copycat version of Avastin, which 
is currently used in a range of solid tumours and also has 
potential to be given alongside new immunotherapy treatments. 
    FKB -- itself a tie-up between Fujifilm  4901.T  and Kyowa 
Hakko Kirin  4151.T  -- commenced a Phase I clinical trial of 
its copy of Avastin, called FKB238, in Europe last November. 
    Under the terms of the agreement, FKB will transfer the 
rights to FKB238 to the new joint venture and will receive a 
lump-sum payment of $45 million in return. 
    An AstraZeneca spokeswoman said the move did not reflect a 
shift away from the British company's focus on innovative 
products but rather was a way to develop a product that could be 
used in affordable drug cocktails. 
    "This supports our combination-focused strategy in oncology 
to help explore potential new treatment options, whilst keeping 
the cost of new therapies low enough to enable access for 
patients and payers," she said. 
    Immunotherapy drugs, which harness the immune system to 
fight tumours, represent a significant advance in cancer 
treatment but many experts believe their greatest promise lies 
in combining them with drugs that work in different ways. 
    Roche, the world's biggest maker of cancer drugs, is already 
exploring such combinations using Avastin. 
    AstraZeneca could now do something similar by combining 
FKB238 with its leading experimental immunotherapy drug MEDI3476 
and others in the pipeline.  
    The arrival of so-called biosimilars represents a threat to 
companies such as Roche that make their money by selling complex 
biotech medicines, although the rollout of these products will 
take time. 
    Roche said on Thursday it expected the first biosimilar 
copies of its cancer medicines Rituxan and Herceptin to hit the 
market in late 2017, with competition to Avastin coming later, 
since it has longer patent protection.  ID:nL5N1030F6     
    Because biotech drugs are made from living cells it is 
impossible to manufacture exact copies, as happens with simple 
chemical medicines, so regulators have come up with the notion 
of approving products that are similar enough to do the job.   
 
 (Reporting by Ben Hirschler; Editing by Mark Potter) 
 ((ben.hirschler@thomsonreuters.com; +44 20 7542 5082; Reuters 
Messaging: ben.hirschler.thomsonreuters.com@reuters.net)) 
 
Keywords: ASTRAZENECA BIOSIMILARS/

Recent news on Kyowa Electronic Instruments

See all news