GlobeNewswire by notified

Sandoz submits Marketing Authorization Application for proposed biosimilar trastuzumab to EMA

Share
  • Submission is supported by comprehensive package of analytical, pre-clinical and clinical data, proposed biosimilar trastuzumab developed by EirGenix, Inc.

  • Breast cancer is one of most common types of cancer in women, accounting for over 355,000 new cases in 2020 in Europe alone1

  • Sandoz has been developing and providing oncology medicines for over 30 years, to expand access to and increase affordability of high quality medicines

Basel, December 22, 2021 — Sandoz, a global leader in generic and biosimilar medicines, today announced that it has submitted a Marketing Authorization Application for a proposed biosimilar trastuzumab (150 mg, for intravenous use) developed by EirGenix, Inc. to the European Medicines Agency (EMA).

Trastuzumab is a monoclonal antibody used for the treatment of human epidermal growth factor receptor 2 positive (HER2-positive) breast cancer and metastatic gastric cancers2. Sandoz is seeking approval for the same indications as the reference medicine, based on a comprehensive package that includes analytical, preclinical, and clinical data.

“In 2020, breast cancer accounted for 28.7% of all new cancer cases diagnosed, making it the most frequently occurring cancer and first cause of cancer death among women in Europe1”, said Florian Bieber, Global Head of Biopharmaceuticals Development, Sandoz. “Biosimilars have enormous potential to improve cancer care. Today’s submission is an encouraging step forward in our mission to expand access to advanced biologics treatments to address the evolving needs of patients, healthcare professionals and healthcare systems.”

As part of the license agreement signed in April 2019, EirGenix, Inc. is responsible for development and manufacturing and Sandoz will have the right to commercialize the medicine upon approval in all markets excluding China and Taiwan. On December 20, 2021, Sandoz announced submission of a Biologics License Application for a proposed biosimilar trastuzumab (150 mg) to the US Food and Drug Administration.

Sandoz has been developing and providing oncology medicines for over 30 years. Today, it has more than 50 such medicines, including chemotherapeutics, biologics, hormones and supportive care treatments, for the treatment of a wide range of cancers. The collaboration with EirGenix, Inc. will enable Sandoz to build on its leading generic and biosimilar oncology portfolio to further expand patient access, while contributing to the sustainability of healthcare systems.

Disclaimer 

This press release contains forward-looking statements within the meaning of the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements can generally be identified by words such as “potential,” “can,” “will,” “plan,” “may,” “could,” “would,” “expect,” “anticipate,” “look forward,” “believe,” “committed,” “investigational,” “pipeline,” “launch,” or similar terms, or by express or implied discussions regarding potential marketing approvals, new indications or labeling for the investigational or approved products described in this press release, or regarding potential future revenues from such products. You should not place undue reliance on these statements. Such forward-looking statements are based on our current beliefs and expectations regarding future events, and are subject to significant known and unknown risks and uncertainties. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those set forth in the forward-looking statements. There can be no guarantee that the investigational or approved products described in this press release will be submitted or approved for sale or for any additional indications or labeling in any market, or at any particular time. Neither can there be any guarantee that, if approved, such generic or biosimilar products will be approved for all indications included in the reference product’s label. Nor can there be any guarantee that such products will be commercially successful in the future. In particular, our expectations regarding such products could be affected by, among other things, the uncertainties inherent in research and development, including clinical trial results and additional analysis of existing clinical data; regulatory actions or delays or government regulation generally; the particular prescribing preferences of physicians and patients; competition in general, including potential approval of additional generic or biosimilar versions of such products; global trends toward health care cost containment, including government, payor and general public pricing and reimbursement pressures and requirements for increased pricing transparency; litigation outcomes, including intellectual property disputes or other legal efforts to prevent or limit Sandoz from selling its products; general political, economic and business conditions, including the effects of and efforts to mitigate pandemic diseases such as COVID-19; safety, quality, data integrity or manufacturing issues; potential or actual data security and data privacy breaches, or disruptions of our information technology systems, and other risks and factors referred to in Novartis AG’s current Form 20-F on file with the US Securities and Exchange Commission. Novartis is providing the information in this press release as of this date and does not undertake any obligation to update any forward-looking statements contained in this press release as a result of new information, future events or otherwise.

About Sandoz
Sandoz, a Novartis division, is a global leader in generic pharmaceuticals and biosimilars. Our purpose is to pioneer access for patients by developing and commercializing novel, affordable approaches that address unmet medical needs. Our ambition is to be the world’s leading and most valued generics company. Our broad portfolio of high-quality medicines, covering all major therapeutic areas, accounted for 2020 sales of USD 9.6 billion.

Sandoz on social media:
LinkedIn: https://www.linkedin.com/company/sandoz
Twitter: https://twitter.com/sandoz_global
Facebook: https://www.facebook.com/sandozglobal/
Instagram: https://www.instagram.com/sandozglobal

CEO Richard Saynor on LinkedIn: https://www.linkedin.com/in/richard-saynor/

References

  1. European Commission. Breast Cancer Burden Factsheet. Available from: https://ecis.jrc.ec.europa.eu/pdf/Breast_cancer_factsheet-Dec_2020.pdf [Last accessed: October 2021].
  2. EMA. Herceptin® trastuzumab EPAR. https://www.ema.europa.eu/en/medicines/human/EPAR/herceptin [Last accessed: October 2021].

# # #

Sandoz Global Communications



Chris Lewis
Sandoz Global Communications
+49 174 244 9501 (mobile)
chris.lewis@sandoz.com



Michelle Bauman
Sandoz Global Communications
+1 973 714 8043 (mobile)
michelle.bauman@sandoz.com

Novartis Media Relations
E-mail: media.relations@novartis.com

Novartis Investor Relations
Central investor relations line: +41 61 324 7944
E-mail: investor.relations@novartis.com

Central North America
Samir Shah +41 61 324 7944 Sloan Simpson +1 862 778 5052
Isabella Zinck +41 61 324 7188
To view this piece of content from www.globenewswire.com, please give your consent at the top of this page.
To view this piece of content from ml-eu.globenewswire.com, please give your consent at the top of this page.

About GlobeNewswire by notified

GlobeNewswire by notified
GlobeNewswire by notified
One Liberty Plaza - 165 Broadway
NY 10006 New York

https://notified.com

GlobeNewswire by notified is one of the world's largest newswire distribution networks, specializing in the delivery of corporate press releases financial disclosures and multimedia content to the media, investment community, individual investors and the general public.

Subscribe to releases from GlobeNewswire by notified

Subscribe to all the latest releases from GlobeNewswire by notified by registering your e-mail address below. You can unsubscribe at any time.

Latest releases from GlobeNewswire by notified

Orion Corporation: Disclosure Under Chapter 9 Section 10 of the Securities Market Act (BlackRock, Inc.)25.4.2024 15:30:00 CEST | Press release

ORION CORPORATION STOCK EXCHANGE RELEASE – MAJOR SHAREHOLDER ANNOUNCEMENTS 25 APRIL 2024 at 16.30 EEST Orion Corporation: Disclosure Under Chapter 9 Section 10 of the Securities Market Act (BlackRock, Inc.) Orion Corporation has received a disclosure under Chapter 9, Section 5 of the Securities Market Act, according to which the total number of Orion shares owned directly, indirectly and through financial instruments by BlackRock, Inc. and its funds increased on 24 April 2024 above five (5) per cent of Orion Corporation’s total shares. Total positions of BlackRock, Inc. and its funds subject to notification: % of shares and voting rights (total of point A)% of shares and voting rights through financial instruments (total of point B)Total of both in % (points A + B)Total number of shares and voting rights of issuerResulting situation on the date on which threshold was crossed or reached4.99% shares Below 5% voting rights0.02% shares Below 5% voting rights5.01% shares Below 5% voting rig

Årsstämma PolyPlank AB (publ)25.4.2024 15:29:47 CEST | Pressemelding

PolyPlank AB (publ) har hållit årsstämma på Bolagets kontor, Färjestaden, Öland. Samtliga beslut fattades enligt styrelsens förslag fram till punkt 8c samt punkt 13 som flyttades fram före punkt 9. Punkt 9-12 ajournerades till fortsatt stämma att hållas den 13 juni 2024. Ny kallelse publiceras senast fyra veckor före den fortsatta stämman. Stämman beslutade att fastställa de i årsredovisningen intagna resultat- och balansräkningarna samt koncernresultaträkning och koncernbalansräkning.Stämman beslutade att behandla det uppkomna resultatet i enlighet med styrelsens förslag i årsredovisningen.Stämman beviljade styrelsens ledamöter och verkställande direktören ansvarsfrihet för förvaltningen under det gångna året.Stämman beslutade att enligt styrelsens förslag minska det registrerade aktiekapitalet för att ge större utrymme för att täcka förluster som inte täcks av fritt eget kapital. Minskning ska ske utan indragning av aktier. För ytterligare information, vänligen kontakta: Vd Marina Ab

Proceedings at the extraordinary general meeting on April 25, 202425.4.2024 15:27:01 CEST | Press release

Company announcement no 6-2024 Søborg, April 15, 2024 Proceedings at the extraordinary general meeting on April 25, 2024 An extraordinary general meeting of Konsolidator A/S took place on April 25, 2024 at Konsolidator A/S, Vandtårnsvej 83A, 2., DK-2860 Søborg, in accordance with the agenda. The board of directors elected Jakob Vig Schnack, attorney-at-law, as chairman of the meeting. The general meeting approved the only item on the agenda, which was the proposal by the board of directors to include a new authorization in the articles of association for the board of directors to increase the share capital with a nominal value of up to DKK 240,000 without pre-emption rights for the existing shareholders. The minutes of the extraordinary general meeting and the updated articles of association are available at www.konsolidator.com/investors/ and attached to this announcement. Contacts CEO: Claus Finderup Grove, mobile +45 2095 2988, cfg@konsolidator.comCFO: Jack Skov, mobile, +45 2282 88

A larger Hispack seeks to accelerate responsible packaging solutions25.4.2024 15:19:14 CEST | Press release

BARCELONA, Spain, April 25, 2024 (GLOBE NEWSWIRE) -- Hispack 2024 will focus on sustainable packaging to contribute to a better future. From May 7 to 10, Spain's largest packaging tradeshow will gather 780 exhibitors from 28 countries and 1,250 brands at Fira de Barcelona's Gran Via venue to showcase the latest innovations in materials, packaging, containers, labels, wrapping, processing, and logistics technology and machinery. Over 27,000 attendees are expected at the 2024 edition. Organized by Fira de Barcelona in collaboration with Graphispack Association, Hispack 2024 will grow by 18% in number of companies and 12% in exhibition space and will spread over 36,000 m2 in halls 2 and 3 featuring leading manufacturers and distributors with the latest technology, materials and packaging solutions focusing on sustainability. This event has also registered an increase in the number of international exhibitors, with almost a third of the total coming from outside Spain. Turkey will lead the

Mowi ASA – Successful placement of new senior unsecured green bonds25.4.2024 15:13:26 CEST | Press release

Bergen, 25 April 2024 – Reference is made to the stock exchange notice from 22 April 2024. Today, Mowi ASA (rated BBB+/Stable by Nordic Credit Rating) has successfully issued a total of NOK 3,500 million (EUR 298 million) of new senior unsecured green bonds split between two tranches. NOK 2,500 million (EUR 213 million) has been issued with a tenor of 5 years and a coupon of 3-month Nibor + 1.13% margin p.a., and NOK 1,000 million (EUR 85 million) has been issued with a tenor of 8 years and a fixed coupon of 3-month Nibor + 1.5% margin p.a. (equivalent to 5.407% p.a.). The entire issue amount and coupons will be swapped into floating EUR. The transaction was well oversubscribed. The proceeds from the green bond issues will be used for green projects as further defined by Mowi's Green and Sustainability-Linked Financing Framework dated May 2023. The settlement date is set to 3 May 2024 for both tranches and an application will be made for the bonds to be listed on Oslo Stock Exchange. D

HiddenA line styled icon from Orion Icon Library.Eye