Market News
Recent Developments:
New product launches:
- In March 2023, Eli Lilly and Company, a U.S.-based pharmaceutical company, announced its plans to launch Rezvoglar, an interchangeable insulin glargine biosimilar, at a 78% discount to the originator (Lantus). In November 2022, Rezvolgar (insuling glargine-aglr) became the fourth biosimilar to be authorized and given an interchangeability designation.
- In November 2021, Viatris Inc., a global healthcare company, and Biocon Biologics Ltd., a subsidiary of Biocon, announced the launch of interchangeable biosimilars SEMGLEE (insulin glargine-yfgn) injection, a branded product, and Insulin Glargine injection, an unbranded product, in the U.S. to help control high blood sugar in adult and pediatric patients with type 1 diabetes and adults with type 2 diabetes.
- In September 2022, Novo Nordisk Inc., a global biopharmaceutical company, announced the launch of Tresiba (insulin degludec) injection, a long-acting, once-daily basal insulin intended to treat high blood sugar in diabetics aged 1 year or older
Acquisitions and partnerships:
- In September 2023, Biocon Biologics Ltd., announced that the company has completed the integration of the acquired biosimilars business from Viatris, a worldwide pharmaceutical and healthcare organization in North America, which includes insulin biosimilars such as Semglee (Insulin Glargine)
- In May 2023, Medtronic plc, a healthcare technology company, announced that it has entered into a set of definitive agreements to acquire EOFlow Co. Ltd., a manufacturer of the EOPatch device, a tubeless, wearable and fully disposable insulin delivery device
- In October 2022, PureHealth, a U.A.E.-based medical devices company, announced the launch of the first factory in the Middle East to produce Glargine (the first long-acting biological alternative to insulin) for the treatment of diabetes in partnership with Gulf Pharmaceutical Industries Company (Julphar), one of the leading pharmaceutical companies in the U.A.E.
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