Dr. Reddy’s Laboratories and Merck Serono, a division of Merck KGaA, have partnered to codevelop a portfolio of biosimilar compounds in oncology. The partnership will focus on monoclonal antibodies and covers codevelopment, manufacturing, and commercialization of the compounds worldwide.
For Dr Reddy’s, the partnership will help expand the company’s presence in the biosimilar area and enable them to participate globally. For Merck, the announcement represents the company’s early steps to make inroads into the biosimilars marketplace. Earlier this year, Merck also announced that it was setting up a dedicated biosimilars unit in the Canton of Vaud in Switzerland. The company’ move into biosimilars is part of the Merck Group’s transformation program, which aims to deliver long-term value and growth opportunities for the company.