Instant Report
FDF

Date: 05-Oct-2021

Biocon Expands Generic Formulations Portfolio With Launch Of Everolimus Tablets In US

Biocon has launched everolimus tablets, a generic version of Afinitor, in the US. Afinitor is a registered trademark of Novartis AG.

Everolimus tablets have been introduced in four strengths of 2.5mg, 5mg, 7.5mg and 10mg, with the 10 mg tablet being a ‘day-1’ generic launch. Everolimus (Afinitor) is a prescription medication that is used to treat certain types of cancers and tumours. The commercial launch of everolimus follows an US FDA approval in February 2021.

Siddharth Mittal, chief executive officer & managing director, said, “The launch of everolimus tablets is another important addition to our generics portfolio and underscores our commitment to bringing complex, vertically integrated and affordable generic formulations to the market expeditiously. We will continue our focus on innovation and enhancing capacities to launch new products that make affordable healthcare accessible to millions of patients the world over.”

The everolimus launch is further assertion of Biocon’s strategy to focus on vertically integrated, complex finished dosage formulations (FDF) in niche therapeutic areas, using in-house active pharmaceutical ingredient (API) capabilities, said the company.

According to IQVIA, US sales of everolimus (Afinitor tablets of 2.5mg, 5mg, 7.5mg, and 10mg strengths were approximately $675 million in the 12 months ending July 2021