Novartis' Sandoz Progresses with Biosimilars - Analyst Blog


Novartis ( NVS ) recently announced that its generic arm, Sandoz, has initiated a phase III study for its biosimilar version of Amgen's ( AMGN ) Enbrel (etanercept).

We note that Enbrel is approved for several indications including the treatment of moderate to severe active rheumatoid arthritis and psoriasis.

The main aim of the phase III study is to establish biosimilarity on safety, efficacy and immunogenicity compared to Enbrel for the treatment of patients with moderate to severe chronic plaque-type psoriasis. Positive results from this study will support regulatory filings in the US and EU.

Amgen has a collaboration agreement with Pfizer, Inc. ( PFE ) whereby the marketing rights for Enbrel outside the US and Canada is reserved with the latter.

We note that Enbrel was a key revenue generator for Amgen in 2012 with sales of $4.2 billion, up 14.4%.

Meanwhile, Sandoz is also developing biosimilar versions of Amgen's Neulasta (pegfilgrastim) and Neupogen (filgrastim).

Both drugs are approved for stimulating white blood cell production in the body.

According to IMS Health, Sandoz is a leader in the global biosimilars market. The company has three marketed products which account for about 50% of all biosimilars in the combined regions of North America, Europe, Japan and Australia.

Sandoz currently has seven phase III studies across five biosimilar molecules in its arena. We are encouraged by Sandoz's efforts to broaden its portfolio which should boost sales in the coming years.

Novartis currently carries a Zacks Rank #3 (Hold). Right now, Simcere Pharmaceuticals ( SCR ) looks attractive with a Zacks Rank #2 (Buy).

AMGEN INC (AMGN): Free Stock Analysis Report

NOVARTIS AG-ADR (NVS): Free Stock Analysis Report

PFIZER INC (PFE): Free Stock Analysis Report

SIMCERE PHARMAC (SCR): Free Stock Analysis Report

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.

This article appears in: Investing , Business , Stocks

Referenced Stocks: AMGN , NVS , PFE , SCR

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