AstraZeneca CEO says exploring biosimilars market

LONDON (Reuters) – AstraZeneca is evaluating whether to enter the so-called biosimilars market, its new CEO Pascal Soriot said on Thursday. “You’ll hear more from us in the next few months as we conclude what we should be doing here. We may decide to not proceed but certainly this is something we are looking at very closely,” he told analysts during a strategy update. The expiry of patents on expensive biotech medicines to treat cancer and autoimmune diseases is opening up a new market for lower-cost copies known as “biosimilars” because they are not identical matches of branded medicines. …