Jul. 9 at 12:53 PM
$TEVA $33.11 bid
Holding long position at profit.
BRIEF: Teva Pharma's International GmbH and Polpharma Biologics International AG announce a global licensing agreement.
note: The agreement grants Teva exclusive rights to commercialize both formulations of Polpharma Biologics' proposed biosimilar to Ocrevus (ocrelizumab), upon regulatory approval.
Under the terms of the agreement, Polpharma Biologics retains full responsibility for the development and manufacturing of the biosimilar candidate. Teva will be responsible for regulatory submissions and, upon approval, commercialization of the intravenous and subcutaneous formulations in the United States, Europe, Brazil, Canada, Australia, New Zealand, Israel and Turkey.