• Kashiv BioSciences has entered an exclusive licensing agreement with Amneal Pharmaceuticals for ADL018, a biosimilar to omalizumab (XOLAIR®), for the U.S. market.
• ADL018, currently in Phase III clinical trials, targets free IgE and is intended for conditions like allergic asthma and chronic rhinosinusitis with nasal polyps.
• This partnership builds on the existing collaboration between Kashiv and Amneal, following the successful U.S. biosimilar launches of RELEUKO® and FYLNETRA®.
• Omalizumab (XOLAIR®) had approximately $3.2 billion in U.S. sales for the 12 months ending April 2024, according to IQVIA®.