AGC Biologics Strengthens Portfolio with Latest FDA Commercial Approval at Copenhagen Facility [Yahoo! Finance]
AGC INC UNSP/ADR (ASGLY)
NASDAQ:AMEX Investor Relations:
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Source: Yahoo! Finance
COPENHAGEN, DENMARK / ACCESSWIRE / September 30, 2024 / AGC Biologics , a leading global Biopharmaceutical Contract Development and Manufacturing Organization (CDMO), today announced the newest milestone at its Copenhagen Campus, a U.S. Food and Drug Administration (FDA) commercial approval for a biosimilar indicated for psoriasis, psoriatic arthritis, Crohn's disease and ulcerative colitis. This is the latest commercial biosimilar approval for the global CDMO, and a new milestone for its Copenhagen site. The expiration of patents for biologics products is driving new players to enter the biosimilar market and offer lower-cost alternatives for patients. Market value for this drug segment is expected to be more than $126 billion by 2032, a 17.6 percent CAGR between 2023 and 2032, according to a 2023 report . AGC Biologics offers key resources for biosimilar developers, such as flexible and scalable single-use manufacturing technology, the ability to scale production based on market
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