Tuznue
Search documents
Teva Pharmaceutical (TEVA) Enters Into a License Agreement With Prestige Biopharma for the Commercialization of Tuznue in Europe
Yahoo Finance· 2025-10-24 11:42
Group 1 - Teva Pharmaceutical Industries Limited (NYSE:TEVA) is recognized as an affordable stock option under $20, with a recent license agreement for the commercialization of Tuznue, a biosimilar to Herceptin, in most European markets [1][2] - Tuznue is an approved treatment for breast cancer and metastatic gastric cancer, with marketing authorization from the European Commission expected in September 2024 [2] - The license and supply agreement grants Teva rights to distribute and market Tuznue in Europe, utilizing its extensive commercial network and expertise in biosimilars, while Prestige Biopharma will handle production and supply from its EU-GMP-certified facilities [3] Group 2 - Teva operates in various geographical segments, including the US, Europe, and International Markets, covering a comprehensive product portfolio that includes specialty, generics, and over-the-counter (OTC) products [4]
Teva and Prestige Biopharma Enter License Agreement for Tuznue® Commercialization in Europe
Globenewswire· 2025-10-20 20:30
Core Insights - Teva Pharmaceuticals has entered into a license agreement with Prestige Biopharma for the commercialization of Tuznue, a biosimilar to Herceptin, in most European markets [1][8] - Tuznue is approved for treating breast cancer and metastatic gastric cancer, with marketing authorization granted by the European Commission in September 2024 [2][8] - The partnership leverages Teva's extensive commercial network and expertise in biosimilars, while Prestige Biopharma will handle production and supply [3][4] Company Overview - Teva Pharmaceutical Industries Ltd. is a leading biopharmaceutical company with over 120 years of experience, focusing on innovative medicines, generics, and biosimilars [6] - Prestige Biopharma, established in 2015, has a diversified portfolio and a GMP-certified manufacturing facility in Korea, with ongoing clinical development of key biosimilars [7]