Formycon Strengthens Biosimilars Portfolio With Athos Assets

Deal Will Be Paid For With A Consideration Worth Approximately €650m

Formycon and Athos have merged aspects of their biosimilar development activities as part of a long-term strategic partnership.

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After the deal is closed Athos will be the largest shareholder in Formycon • Source: Alamy

Formycon AG has acquired rights to two of Athos’ biosimilar candidates as part of a long-term strategic partnership between the two companies, in exchange for a consideration of approximately €650m ($725m).

Through the deal, Formycon will gain 100% of the rights to FYB202, a biosimilar candidate referencing Johnson & Johnson’s Stelara...

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