Switzerland's Novartis pledged to nearly triple its number of biosimilar drugs on the market by 2020, raising its bet that cheaper versions of blockbuster cancer and immune system medicines will snatch billions in rivals' profits.
Novartis's Sandoz generics unit aims to be selling eight biosimilars, compared with three now, as patents on original drugs expire.
Sandoz head Richard Francis said his versions of AbbVie's $13 billion blockbuster Humira, Amgen's Enbrel and Neulasta, Johnson & Johnson's Remicade and Roche's Rituxan would arrive in pharmacies over the next four years, barring stumbles.
Novartis's Sandoz generics unit aims to be selling eight biosimilars, compared with three now, as patents on original drugs expire.
Sandoz head Richard Francis said his versions of AbbVie's $13 billion blockbuster Humira, Amgen's Enbrel and Neulasta, Johnson & Johnson's Remicade and Roche's Rituxan would arrive in pharmacies over the next four years, barring stumbles.
