<?xml version="1.0" encoding="UTF-8" standalone="yes"?><oembed><version><![CDATA[1.0]]></version><provider_name><![CDATA[Earth First! Newswire]]></provider_name><provider_url><![CDATA[https://earthfirstnews.wordpress.com]]></provider_url><author_name><![CDATA[EF! J Collective Everglades Office]]></author_name><author_url><![CDATA[https://earthfirstnews.wordpress.com/author/efjcollective/]]></author_url><title><![CDATA[Multinationals eager to jump into the multibillion-dollar biosimilar&nbsp;business]]></title><type><![CDATA[link]]></type><html><![CDATA[<p>By <a href="http://www.fiercebiotech.com/author/john" rel="author">John Carroll</a></p>
<p><span style="color:#000000;"><a href="https://earthfirstnews.files.wordpress.com/2011/06/sidebar-right-biosimilars.jpg"><img loading="lazy" data-attachment-id="3200" data-permalink="https://earthfirstnews.wordpress.com/2011/06/22/multinationals-eager-to-jump-into-the-multibillion-dollar-biosimilar-business/sidebar-right-biosimilars/" data-orig-file="https://earthfirstnews.files.wordpress.com/2011/06/sidebar-right-biosimilars.jpg" data-orig-size="160,160" data-comments-opened="1" data-image-meta="{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;}" data-image-title="sidebar-right-biosimilars" data-image-description="" data-medium-file="https://earthfirstnews.files.wordpress.com/2011/06/sidebar-right-biosimilars.jpg?w=160" data-large-file="https://earthfirstnews.files.wordpress.com/2011/06/sidebar-right-biosimilars.jpg?w=160" class="alignright size-full wp-image-3200" title="sidebar-right-biosimilars" src="https://earthfirstnews.files.wordpress.com/2011/06/sidebar-right-biosimilars.jpg?w=160&#038;h=160" alt="" width="160" height="160" srcset="https://earthfirstnews.files.wordpress.com/2011/06/sidebar-right-biosimilars.jpg 160w, https://earthfirstnews.files.wordpress.com/2011/06/sidebar-right-biosimilars.jpg?w=150&amp;h=150 150w" sizes="(max-width: 160px) 100vw, 160px" /></a>There&#8217;s a new breed of corporate player jumping into the biotech business.<em> Reuters</em> takes a close look at an unlikely lineup of multinational companies like <a href="http://www.fiercebiotech.com/story/samsung-quintles-team-266m-biosimilars-deal/2011-02-25"><span style="color:#000000;">Samsung</span></a>, <a href="http://www.fiercebiotech.com/story/merck-strikes-720m-deal-hanwha-generic-enbrel/2011-06-13"><span style="color:#000000;">Hanwha Chemical</span></a> and <a href="http://www.fiercebiotech.com/story/fujifilm-expands-biologics-490m-merck-buy/2011-02-28"><span style="color:#000000;">Fujifilm</span></a> which are weighing in with new pacts on biosimilars to compete against dozens of biologics that will lose patent protection in the decade to come.</span></p>
<p><span style="color:#000000;">While tech manufacturers and camera companies aren&#8217;t known for their expertise in drug development, they make excellent deep-pocket partners for Merck and others who are beavering away at the biosimilar game. For these companies, notes <em>Reuters</em>, biosimilars offer a solid new revenue source that can register in the billions. And as biosimilars will be far more complex and significantly harder to develop than today&#8217;s traditional small molecule copycat, this is a game that will be dominated by big companies. And they won&#8217;t be operating alone.</span></p>
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<p><span style="color:#000000;">&#8220;This is a business that is going to be characterized by partnering, because no one company has all the components they need,&#8221; Mike Kamarck, president of Merck Bioventures, the U.S. drugmaker&#8217;s biosimilars division, told <em>Reuters</em>.</span></p>
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