BUZZ-Teva rises as FDA accepts to review biosimilar to eye disease drug Eylea

Reuters
18 Feb
BUZZ-Teva rises as FDA accepts to review biosimilar to eye disease drug Eylea

** U.S.-listed shares of Israel-based drugmaker Teva Pharmaceutical Industries TEVA.TA, TEVA.N rises 6.6% to $17.32 premarket

** TEVA and partner Biotech Alvotech ALVO.O say the U.S. FDA has accepted for review its marketing application for a biosimilar or close copy of Regeneron's REGN.O Eylea

** Co says AVT06 is a proposed biosimilar of Eylea's 2 milligram dose which is used to treat eye disorders like macular degeneration, macular edema and retinopathy

** Co, ALVO expects regulatory decision for AVT06 by Q4 2025

** Some key patents of Eylea are set to expire in 2027, according to a regulatory filing

** ALVO is also developing AVT29, a biosimilar for Eylea HD, a 8 mg dose of the drug

** Amgen AMGN.O will also make its biosimilar version of Eylea available to patients after a U.S. appeals court rejected REGN's request to block its launch

** In the last 12 months, TEVA has risen 32.4%

(Reporting by Siddhi Mahatole)

((Siddhiprabhanjan.mahatole@thomsonreuters.com))

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