GSK vet named CEO of China CAR-T JV with Kite; Coherus fights back against Amgen claims it stole trade secrets
→ Richard Wang, the former site chief for GSK in Shanghai, is taking the CEO’s job at Fosun Kite, a joint venture established by Kite Pharma and Shanghai Fosun to advance Kite’s CAR-T $KITE to the market.
→Amgen $AMGN has filed a lawsuit against Coherus BioSciences $CHRS claiming theft of trade secrets, according to a statement from the biotech. And the Redwood City, CA-based Coherus says it plans to defend itself vigorously, adding that Amgen is solely interested in fending off competition to pegfilgrastim by mounting a delaying action in state court. “Coherus remains committed to the important goal of bringing much-needed biosimilar drugs to the marketplace,” said CEO Denny Lanfear in a statement. “We are confident that we will prevail in this action and achieve our goals of increasing patient access, introducing competition and offering biosimilar products at prices competitive with and lower than those maintained by Amgen and other large pharmaceutical companies.”
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