Double whammy for Roche as FDA advisory panel backs biosimilars of Herceptin and Avastin

14 July 2017
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At its meeting yesterday, the US Food and Drug Administration’s Oncologic Drugs Advisory Committee (ODAC) voted unanimously for recommending approval of biosimilars of two top-selling drugs from Swiss pharma giant Roche (ROG: SIX).

The ODAC recommended approval of proposed biosimilar of Herceptin (trastuzumab) from Netherlands-incorporated Mylan (Nasdaq: MYL) and India’s Biocon (BSE: 532523).

The committee voted 16-0 in support of eligible indications of the reference product, which include HER2-positive breast cancer in the metastatic and adjuvant settings. The branded product generated sales of $6.73 billion last year.

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