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			 The new drug, Imraldi, marks the third European Commission approval 
			for "biosimilar" versions from the joint venture, Samsung Bioepis, 
			of drugs in a class known as TNF inhibitors. 
			 
			Biosimilar copies of expensive biotech drugs are gaining momentum in 
			Europe, which has been faster to adopt their use than the United 
			States, and their potential to take business from companies making 
			the original products is being monitored closely by investors. 
			 
			Imraldi was approved for the treatment of rheumatoid arthritis, 
			juvenile idiopathic arthritis, axial spondyloarthritis, psoriatic 
			arthritis, psoriasis, pediatric plaque psoriasis, adult and 
			adolescent hidradenitis suppurativa, Crohn's disease, pediatric 
			Crohn's disease, ulcerative colitis and uveitis. 
			
			  
			"As the number of approved biosimilars continues to grow, so does 
			the anticipated potential to increase physician choice and patient 
			access to biologics," Jean-Paul Kress, head of global therapeutic 
			options at Biogen, said in a statement. 
			 
			Last year, Samsung Bioepis received European Commission marketing 
			authorization for Benepali, a biosimilar version of Amgen Inc's 
			Enbrel, and for Flixabi, a version of Remicade, which is sold by 
			Johnson & Johnson. 
			 
			Earlier this year, Amgen won European approval for the first copy of 
			Humira, also called adalimumab. 
			
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			The green lights clear the way for biosimilar copies of Humira to be 
			launched in Europe in due course, although lawyers do not expect 
			that to happen before October 2018, given the patents protecting 
			adalimumab. 
			A Samsung Bioepis spokesman said both Benepali and Flixabi began 
			launching in 2016 in Europe, but the company was unable to provide 
			any details on a timeline for Imraldi's launch. 
			 
			Anti-TNF therapies represent some of the EU's largest drug expenses, 
			costing an estimated $9 billion a year, Biogen said. The company 
			estimates having lower-cost versions of the drugs in Europe could 
			generate savings of over $11 billion between the patent expiry date 
			of each reference product and 2020. 
			 
			(Reporting by Deena Beasley in Los Angeles; Editing by Peter Cooney 
			and Himani Sarkar) 
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