The European Commission granted marketing authorization to Teva’s ranibizumab biosimilar (Ranivisio), the second ophthalmology biosimilar and the second biosimilar to reference Lucentis to be approved in the European Union.
The European Commission (EC) granted marketing authorization to Teva Pharmaceuticals’ ranibizumab biosimilar (Ranivisio), the second ophthalmology biosimilar and the second biosimilar to reference Lucentis to be approved in the European Union (EU).
The biosimilar was approved for all 5 indications of the reference product: neovascular age-related macular degeneration (AMD), macular edema, diabetic macular edema, proliferative diabetic retinopathy, and choroidal neovascularization.
The approval comes a few months after the biosimilar was approved in the United Kingdom, where it is marketed under the name Ongavia.
AMD results from the excessive growth of blood vessels in the retina, which can lead to impaired vision and blindness. There are about 67 million people in Europe living with AMD, which is the leading cause of blindness in high-income nations. By 2050, AMD is expected to affect 77 million Europeans.
“With millions of people in Europe afflicted by this serious age-related eye condition, this important milestone allows us, together with Bioeq, to bring ranibizumab to ophthalmologists and patients throughout Europe. The product is a welcome addition to Teva’s growing biosimilars portfolio and delivers on our mission to improve patient access to critical therapies while delivering vital savings to healthcare systems,” said Richard Daniell, executive vice president of european commercial at Teva, in a statement.
In June 2022, the European Committee for Medicinal Products for Human Use adopted a positive opinion, recommending that the EC approve the biosimilar.
The approval followed the EU approval of Byooviz, the first ranbizumab and first ophthalmology biosimilar to be approved in the EU, Canada, and the United States. The FDA also approved Cimerli in early August as the country’s second ranibizumab biosimilar, second ophthalmology biosimilar, and third interchangeable biosimilar.
The EC based the approval of Ranivisio on positive data from the randomized, double-masked, parallel group, mulicenter, phase 3 COLUMBUS-AMD study. In the study, Ranivizio was found to have comparable safety and efficacy profiles with the reference product in patients with AMD.
Teva Pharmaceuticals has partnered with Bioeq, a joint venture between Polpharma Biologics and Formycon, on the commercialization of Ranivisio. Under the agreement, Bioeq has exclusive commercialization rights for the biosimilar in the EU and the United Kingdom.
Insights from Festival of Biologics: Dracey Poore Discusses Cardinal Health’s 2024 Biosimilar Report
May 19th 2024The discussion highlights key emerging trends from the Festival of Biologics conference and the annual Cardinal Health Biosimilars Report, including the importance of sustainability in the health care landscape and the challenges and successes in biosimilar adoption and affordability.
Cost-Benefits, Efficacy of Biosimilar Ranibizumab vs Aflibercept for nAMD in Japan
January 22nd 2025When compared with reference aflibercept, a biosimilar ranibizumab was a clinically effective and cost-saving alternative in a study assessing Japanese patients with different subtypes of neovascular age-related macular degeneration (nAMD).
A New Chapter: How 2023 Will Shape the US Biosimilar Space for 2024 and Beyond
December 31st 2023On this episode of Not So Different, Cencora's Brian Biehn and Corey Ford take a look back at major policy and regulatory advancements in 2023 and how these changes will alter the space going forward.
FTC Releases Second Report on PBMs Meddling in Generic Drug Markets
January 19th 2025The 3 largest pharmacy benefit managers (PBMs) increased many specialty generic drugs prices by hundreds of percent, with some drugs seeing thousands of percent markups, according to the Federal Trade Commission (FTC)’s second interim report on PBM practices.
Biosimilars Drive Cost Savings and Achieve 53% Market Share Across Treatment Areas
January 16th 2025Biosimilar launches achieve a 53% market share and a 53% reduction in average drug costs after 5 years of biosimilar competition, according to Samsung Bioepis’ most recent market report, showcasing notable pricing trends and market share disparities across therapeutic areas.