Gedeon Richter Chief Makes Biosimilars Prophecy

As Company Discusses Sales Prospects For Coming Quarters

Gedeon Richter has high ambitions for biosimilars, recently penning a deal to bring in a tocilizumab biosimilar that is currently under development. During its first-quarter earnings call, the Hungarian company’s CEO gave his current thinking on how payers may treat biosimilars amidst the COVID-19 pandemic.

Crystal ball
RICHTER PREDICTS BIOSIMILAR PENETRATION COULD RISE BEFORE LONG • Source: Shutterstock

Biosimilars may emerge as “winners of the pandemic” at the expense of novel biologics, according to Hungarian player Gedeon Richter PLC, as payers and fiscal budgets “become stressed” and governments look to save costs in the wake of COVID-19.

Addressing investors during Richter’s first-quarter earnings call, CEO Gábor Orbán pondered “changes to the attitude or ability of payers to...

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