Biocon Biologics Secures Strong Market Access Coverage for Yesintek™ in the United States Covering 100+ Million Lives

Biocon Biologics Ltd. (BBL), a fully integrated global biosimilars company and subsidiary of Biocon Ltd (BSE code: 532523, NSE: BIOCON), today announced the Company has secured multiple market access agreements for Yesintek™ (ustekinumab-kfce), its biosimilar to Stelara® (ustekinumab). The market access agreements from numerous plans represent over 100+ million lives in the United States.

Express Scripts has added YESINTEK to the National Preferred Formulary (NPF) effective March 21, 2025. Cigna has added YESINTEK to its commercial formulary beginning on March 21, 2025. UnitedHealthcare has added YESINTEK to several formularies including commercial beginning May 1, 2025; managed Medicaid beginning March 1, 2025; and Medicare beginning June 1, 2025. CVS Health has added YESINTEK beginning July 1, 2025. And finally, Optum Rx has added YESINTEK to its Premium and Select formularies beginning July 1, 2025.

YESINTEK has also been selected on several other formularies, including Navitus, Costco Health Solutions, MedImpact, Priority Health, University of Pittsburgh Medical Center (UPMC), and several other regional health plans. Additionally, YESINTEK has been selected as the exclusive Ustekinumab by Blue Cross Blue Shield of Michigan (BCBSM), Florida Healthcare Plan, and several closed-door health systems.

The Company is also finalizing formulary agreements with other commercial carriers. Shreehas Tambe, CEO & Managing Director, Biocon Biologics Ltd, said: "Yesintek™ (Ustekinumabkfce) represents an important milestone for Biocon Biologics, as this is the first product we have launched in the United States as a fully integrated biosimilars company. The strong adoption of Yesintek™ by payors in the U.S. reflects their confidence in our science, supply reliability, and commercial capability. The listing of Yesintek™ on multiple formularies is another validation that payors in the U.S. are committed to broaden access to affordable treatment options."

Josh Salsi, Head of North America, Biocon Biologics Inc., said: "More than 100 million Americans - representing 70%-80% of the commercial market - are now covered for Yesintek™ (ustekinumabkfce) through commercial formularies. This marks a significant step forward in bringing high-quality, affordable biosimilars to patients managing chronic conditions."

YESINTEK is approved for the treatment of Crohn's disease, ulcerative colitis, plaque psoriasis and psoriatic arthritis, increasing patient access to more cost-effective treatment options for use in the treatment of common chronic autoimmune diseases. YESINTEK is available in all the same formulations currently provided by STELERA . The available presentations are 45 mg/0.5 mL PFS, 90 mg/mL PFS, 45 mg/0.5 mL vial, and 130 mg/26 mL vial.

YESINTEK is a monoclonal antibody that disrupts IL-12 and IL-23 mediated signaling associated immune mediated diseases. Clinical studies showed that YESINTEK is a biosimilar to STELERA and has similar pharmacokinetic, safety, efficacy and immunogenicity profile compared with STELERA. YESINTEK received U.S. Food and Drug Administration (FDA) approval in December 2024.

Shares of Biocon Limited was last trading in BSE at Rs. 318.65 as compared to the previous close of Rs. 321.70. The total number of shares traded during the day was 24679 in over 560 trades.

The stock hit an intraday high of Rs. 324.90 and intraday low of 317.70. The net turnover during the day was Rs. 7895872.00.

Source : Equity Bulls

Keywords

Biocon INE376G01013 BioconBiologics Agreements Yesintek Stelara