Sandoz agrees to acquire Cimerli business from Coherus

Sandoz (SDZNY) has signed an agreement to acquire the U.S. biosimilar ranibizumab Cimerli from Coherus BioSciences (CHRS) for an upfront cash purchase payment of $170M. This is inclusive of a biologics license application, product inventory, ophthalmology sales and field reimbursement talent, as well as access to proprietary commercial software. “Sandoz looks forward to providing even more treatment options for US patients with vision impairment and loss. The agreement to acquire the Cimerli business from Coherus allows us to build a more robust ophthalmic platform that would support future product launches. Closing is anticipated in 1H 2024, subject to standard conditions and approvals,” the company stated.