On January 11, 2022 Orion Corporation ("Orion") and CuraTeQ Biologics Private Limited ("CuraTeQ"), a wholly-owned subsidiary of Aurobindo Pharma Ltd., reorted that they have expanded their biosimilar distribution agreement to the Baltic countries (Press release, Orion , JAN 11, 2022, View Source [SID1234598590]). The original marketing and distribution agreement signed in 2020 covered the Nordics, Austria, Hungary and Slovenia.
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Under the agreement, Orion will have the right to sell and market CuraTeQ’s biosimilars in the Nordics, the Baltics, Austria, Hungary and Slovenia. All the products under the agreement are still in development or regulatory phases and the launches in Orion territories are estimated to take place in 2023–2026 depending on the success of the development and regulatory approvals.
Virve Laitinen, SVP Specialty Products of Orion Corporation said: "We are pleased to further expand our long-term collaboration with Aurobindo and CuraTeQ. Overall this agreement will strengthen Orion’s position as one of the leading generics providers in the Nordics and Baltics as we can make these cost-effective treatments available for healthcare professionals and patients."
Satakarni Makkapati, CEO of CuraTeQ Biologics said "Orion has a demonstrated and proven track record of successfully commercialising biosimilars in the Nordics and Baltic countries. Orion’s understanding of the biosimilars adoption along with extensive commercial infrastructure in the Nordics and other territories in the EEA make it an ideal partner to expand the accessibility of our biosimilar products in selected markets of Europe, complementing our group’s wide footprint in other European markets."