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Bioeq AG and Bio Usawa Partner to Commercialise Ranibizumab Biosimilar in Africa

Jul 1, 2025

On 1 July 2025, Formycon announced that Bioeq AG, which holds the exclusive worldwide commercialisation rights for Formycon’s FYB201, biosimilar to Genentech’s Lucentis® (ranibizumab), has entered into an exclusive partnership with African biotechnology company Bio Usawa Biotechnology Ltd.  The partnership gives Bio Usawa the exclusive rights to commercialise FYB201 under the brand name BioUcenta™ in Sub-Saharan Africa.

FYB201 was developed by Bioeq (a JV between Formycon and Polpharma Biologics).  It has been approved in the UK (in May 2022, marketed as Ongavia® by Teva), in the US (in August 2022, marketed as Cimerli®, to which Sandoz acquired the marketing rights from Coherus in March 2024), the EU (in August 2022, marketed as Ranivisio® by Teva), Canada (in December 2023marketed as Ranopto™ by Teva) and MENA (marketed as Ravegza® by MS Pharma).

Last month, Brazil’s ANVISA had granted marketing authorisation for Ranivisio® (FYB201), with an expected launch in Q4 2025 by Formycon’s commercialisation partner, Biomm, and then a phased market rollout of Ranivisio® across Latin America.  Marketing authorisations have previously been granted in Peru, El Salvador, Honduras and the Dominican Republic and further approvals in Central and South America are planned.