Xbrane and Stada Arz look to co-develop Lucentis biosimilar
Swedish firm Xbrane Biopharma (Nasdaq OMXS: XBRANE) and Germany’s Stada Arzneimittel (SAZ: Xetra) have linked up to co-develop Xlucane, a biosimilar version of top-selling ophthalmic drug Lucentis (ranibizumab), which is marketed by Swiss pharma giants of Novartis (NOVN: VX) and Roche’s (ROG: SIX).
News of the deal saw Xbrane’s shares leap 28.67% to 63.50 Swedish kronor in morning trading, while Stada was virtually unchanged.
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