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Biocon and Pfizer Enter Into Global Commercialization Agreement
Date:10/18/2010

disease annually.  Although Insulin is the primary response to address Diabetes and is included on The World Health Organization's (WHO) Essential Medicines List, it remains inaccessible on an uninterrupted basis in many parts of the developing world.  The WHO estimates that 70% of people afflicted with Diabetes live in low and middle income countries, with India alone accounting for 40 million patients.  It is estimated that Diabetes will affect 400 million people globally by 2030 (1), with an expected 1 in 5 diabetics in India.(2)

The Diabetes pandemic is also alarming in developed countries, including the United States, which has 18 million diabetic patients and a healthcare cost burden of approximately $200 billion per year associated with the disease.  By 2030, the number of people living with Diabetes in the U.S. is expected to increase to 30 million.(3)

Commenting on this major alliance, Kiran Mazumdar-Shaw, chairman and managing director of Biocon, said:  "This is indeed a significant inflection point in our globalization path.  Pfizer and Biocon bring together a winning combination of marketing, manufacturing and research excellence which can build a formidable global footprint in Diabetes care.  Pfizer brings brand strength and a vast and unrivalled global marketing network that will enable Biocon to realize its objective of seeing its Insulin portfolio have a worldwide presence."

"We are excited to join forces with Biocon in the battle against the disease and economic burden that Diabetes poses to global health.  Our alliance with Biocon will enable the delivery of biosimilar Insulin products, providing attractive, cost-effective treatment options to more Diabetes patients," said David Simmons, president and general manager of Pfizer's Established Products Business Unit.  "In addition, this collaboration supports our stated efforts to become a strong player in follow-on biologics as wel
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SOURCE Pfizer Inc.
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