Baxter and Coherus in up to $246 million deal for biosimilar etanercept

4 September 2013

US companies Baxter International (NYSE:BAX) and Coherus Biosciences have entered into an exclusive collaboration to develop and commercialize a biosimilar to etanercept (the active ingredient of Amgen’s blockbuster rheumatoid arthritis drug Enbrel, which generated second-quarter 2013 sales of $1.16 billion) for Europe, Canada, Brazil and certain other markets. Additionally, the accord allows for the expansion of the collaboration to include another product.

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