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JNJ Johnson and Johnson

147.00
-2.70 (-1.80%)
25 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Johnson and Johnson NYSE:JNJ NYSE Common Stock
  Price Change % Change Share Price High Price Low Price Open Price Shares Traded Last Trade
  -2.70 -1.80% 147.00 149.8139 146.76 149.79 9,520,253 01:00:00

Pfizer Plans to Launch Remicade Biosimilar in November

17/10/2016 11:06pm

Dow Jones News


Johnson and Johnson (NYSE:JNJ)
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By Tess Stynes 

Pfizer Inc. plans to start U.S. shipments of biosimilar Inflectra, its copycat version of Johnson & Johnson's anti-inflammatory drug Remicade, at a 15% discount to Remicade's wholesale prices starting in late November.

Pfizer, which has U.S. commercialization rights to Inflectra, said the estimated wholesale price doesn't include discounts to payers, distributors and others.

Inflectra, developed by South Korea pharmaceutical company Celltrion Inc., received Food and Drug Administration approval earlier this year but faced legal challenges over a patent for Remicade.

Inflectra, the second approved biosimilar treatment in the U.S., is approved to treat rheumatoid arthritis, ulcerative colitis and Crohn's disease.

Write to Tess Stynes at tess.stynes@wsj.com

 

(END) Dow Jones Newswires

October 17, 2016 17:51 ET (21:51 GMT)

Copyright (c) 2016 Dow Jones & Company, Inc.

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