Teva Licenses U.S. Rights to Infliximab, Etanercept Biosimilars
Teva Pharmaceuticals and Samsung Bioepis agreed to license and commercialize two FDA-approved biosimilars in the U.S. Teva will handle sales, with Samsung retaining manufacturing. The deal includes upfront payments, milestones, and profit sharing. Closing is expected by the end of 2026, with rights to etanercept-ykro transferring at that time and infliximab-abda in Q3 2027.
How this was made

The 30-second read
Why it matters
The agreement expands Teva's product pipeline but financial upside is uncertain until launch and pricing are set.
Market read
First‑report of a licensing deal that could add revenue streams for Teva and increase competition in the U.S. biosimilar market.
What to watch
Milestone payments and profit‑share terms are undisclosed; payer coverage and competitive pricing will drive actual impact.
Background
Teva is pursuing its "Pivot to Growth" strategy to expand its biosimilar portfolio. Samsung Bioepis retains manufacturing and regulatory oversight.
Ticker impact
Teva announced a licensing and commercialization agreement to obtain U.S. rights to two FDA‑approved biosimilars, infliximab‑abda and etanercept‑ykro.
potential modest upside as investors price in future sales and profit‑share upside
No financial terms disclosed; market will assess upside based on expected launch timing and competitive positioning.
Market effects
Adds competition in the U.S. biosimilar anti‑TNF market, may pressure pricing for existing products.
Strengthens Teva's U.S. immunology footprint while leveraging Samsung Bioepis' manufacturing.
Highlights growing cross‑border biosimilar collaborations, could influence global supply dynamics.
Counterpoint
If launch delays or pricing pressure materialize, the deal could weigh on Teva's margin expectations.
Key entities
- companyTeva Pharmaceutical Industries
US‑listed pharmaceutical company acquiring U.S. rights to two biosimilars.
- companySamsung Bioepis
Korean biotech partner retaining manufacturing and regulatory responsibilities.
