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Cipla, Kemwell Biopharma collaborate to develop, commercialize biosimilars
![Cipla, Kemwell Biopharma collaborate to develop, commercialize biosimilars Cipla, Kemwell Biopharma collaborate to develop, commercialize biosimilars](https://medicaldialogues.in/h-upload/2020/09/04/750x450_133993-cipla.webp)
Mumbai: Cipla Limited, a global pharmaceutical company and Kemwell Biopharma Private Limited, a biopharmaceutical Contract Development and Manufacturing Organisation (CDMO), have recently announced execution of a joint venture agreement to develop, manufacture and commercialise biosimilars for global markets. For this purpose, a joint venture company shall be incorporated to enter the respiratory biosimilars space.
Under the terms of the agreement, the joint venture will leverage Cipla and Kemwell's complementary strengths for end-to-end product development, clinical development, regulatory filings, manufacturing and commercialisation of biopharmceutical products.
Cipla's respiratory prowess combined with Kemwell's expertise in biologics will accelerate bringing these essential products to market, the release said.
Umang Vohra, Managing Director & Global Chief Executive Officer of Cipla, said: "This development reinforces our strength as leaders in respiratory therapy and is in line with our aspiration of global lung leadership. Guided by our purpose of 'Caring for life' our partnership with Kemwell will help serve unmet needs of patients across the globe."
Anurag Bagaria, Chairman and Chief Executive Officer of Kemwell, said: "We are very excited about combining the strengths of Cipla's expertise in development and commercialisation of respiratory products and Kemwell's biologics capabilities. Through this JV, we aim to make cost-effective biotherapeutics available to more patients globally."
Read also: Cipla bags USFDA nod for generic version of Durezol
Cipla Limited is an Indian multinational pharmaceutical and biotechnology company, headquartered in Mumbai, India. The Company was founded by Khwaja Abdul Hamied in 1935 in Mumbai.
Cipla primarily develops medicines to treat respiratory, cardiovascular disease, arthritis, diabetes, weight control, depression, and other medical conditions.
Read also: Conduct phase 3 trial of Nafamostat Mesilatefor for marketing approval: CDSCO panel tells Cipla
Ruchika Sharma joined Medical Dialogue as an Correspondent for the Business Section in 2019. She covers all the updates in the Pharmaceutical field, Policy, Insurance, Business Healthcare, Medical News, Health News, Pharma News, Healthcare and Investment. She has completed her B.Com from Delhi University and then pursued postgraduation in M.Com. She can be contacted at editorial@medicaldialogues.in Contact no. 011-43720751