Big pharma, Biotech, Partnering, Pharma

Teva and pharma partners Lonza discontinue joint venture

Posted on 26 July 2013

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Pharma partners, Teva Pharmaceutical and Lonza Group, have decided to discontinue their collaboration for the development, manufacturing and marketing of biosimilars.

The discontinuation of the TL-JV between the pharma partners, which began in 2009, will enable both companies to better advance their own strategies and efforts in serving those healthcare communities.

Both pharma partners will continue to explore opportunities to maximize the value of the investments and progress that the joint venture has made to this point, and remain in agreement that affordable, efficacious and safe biosimilar treatments will bring benefits to patients and better serve these communities. 

Teva, one of the pharma partners, is a leading global big pharma company, committed to increasing access to high-quality healthcare by developing, producing and marketing affordable generic drugs as well as innovative and specialty pharmaceuticals and active pharmaceutical ingredients.

Lonza, the other of the pharma partners, is one of the world's leading suppliers to the pharmaceutical, healthcare and life science industries.

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