NEW YORK, July 20, 2015 /PRNewswire/ --
ACI Association has initiated research coverage on EPIRUS Biopharmaceuticals, Inc. (NASDAQ: EPRS). Select highlights from the internally released reports are being made available to the general public (included below), with access to the entirety of the research available to new members.
Today, membership is open to readers on a complementary basis at the following URL: http://www.aciassociation.com/?c=EPRS
Highlights from our EPRS Report include:
- Collaboration for Biosimilars Pipeline -- On July 14, 2015, EPIRUS Biopharmaceuticals Inc. (EPIRUS) and Polpharma Group- a leading generics company based in Poland, announced that they have entered into a multi-product, multi-region profit-sharing collaboration for the commercialization of EPIRUS biosimilars pipeline in EU, Middle East, Turkey, Russia and CIS territories. As per the release, the collaboration relates for select EPIRUS biosimilars, including BOW015 (infliximab, reference biologic Remicade®), BOW050 (adalimumab, reference biologic Humira®) and BOW070 (tocilizumab, reference biologic Actemra®), which represents $6 billion in innovator sales in the specified territories.
- Terms of Collaboration -- Under the collaboration, EPIRUS would lead the global product development and clinical programs and will also be responsible for process development, scale-up and manufacturing, with Polpharma overseeing commercialization across the territories. Furthermore, both parties will jointly fund clinical development and collaborate on regulatory filings in the specified territories. Under the agreement, Polpharma will bear 51% of Clinical development costs and eventual operating profit while contribution from EPIRUS will amount to 49%. The Company noted that Polpharma will contribute approximately $30 million towards clinical development costs, as well as cover product launch costs across all three programs. EPIRUS added that it retains the commercial rights of aforesaid EPIRUS biosimilars pipeline to Switzerland and Norway along with select EU countries including Austria, Belgium, Denmark, Finland, Luxembourg, the Netherlands and Sweden.
- Other Developments related to Infliximab Biosimilar, BOW015 -- Earlier on May 14, 2015 EPIRUS informed that the Company, and mAbxience - a biopharmaceutical company specialized in research, development and manufacturing of biosimilars, have entered into a development and future distribution deal for EPIRUS' lead program, BOW015, for Latin American markets, including Argentina, Chile, Ecuador, Paraguay, Uruguay and Venezuela. EPIRUS highlighted that under the deal mAbxience will be responsible for regulatory submissions, using BOW015's existing data package, and eventual commercialization in these select Latin American markets. mAbxience is a wholly-owned subsidiary of CHEMO Group which generates over $1 billion in annual revenues with 5,000 professionals across 40 countries.
To find out how this influences our rating on EPIRUS Biopharmaceuticals, Inc.read the full report in its entirety here: http://www.aciassociation.com/?c=EPRS
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