US competition brewing for Lilly's Forteo blockbuster

8 October 2019

Californian biosimilars firm Pfenex (NYSE: PFNX) has won approval for PF708, which references Forteo (teriparatide injection), an osteoporosis therapy indicated for certain people at high risk of fracture.

Forteo took in $1.6 billion sales for developer Eli Lilly (NYSE: LLY) last year, down from $1.7 billion the year before. Many of the US patents for Forteo expired in mid-August 2019, and the product is likely to face increasing competition from competitors.

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