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Celltrion (068270 KS): Increasing Biosimilar Competition- Main Concerning Factor
266 Views09 Mar 2022 00:56
SUMMARY
- Fierce competition is an industry-wide phenomena in biosimilar products. Despite being an early mover, Celltrion Inc (068270 KS) is also facing competition for its marketed biosimilars.
- The market share of Celltrion’s key biosimilar product, Remsima is declining. Other marketed and upcoming biosimilars also have multiple existing players.
- With the waning COVID-19 infections in the U.S., demand for Celltrion’s rapid test kits seems uncertain.
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Tina Banerjee
Global Healthcare Analyst
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