Lonza CEO says reviewing biosimilar venture with Teva

ZURICH, Apr 1: Swiss specialty chemicals and life sciences group Lonza is reviewing whether it is still worth investing in its joint venture with Teva in “biosimilar” drugs, its Chief Executive said. The expiry of patents on expensive biotech medicines to treat cancer and autoimmune diseases is opening up a new market for lower-cost copies known as “biosimilars” because they are not identical matches of branded medicines. (agencies)