ANTIDIABETIC BIOSIMILARS MARKET ANALYSIS

Market News

Key Developments

1. Major companies in the market are focused on different business strategies such as product launches, in order to gain competitive edge in the market. For instance, in November 2018, GC Pharma announced the launch of Biocon’s Glargia, an antidibetic biosimilar. This is a long-acting insulin that provides enough dose with only one injection a day.
2. Key companies in the market are focused on different business strategies such as gaining product approvals from regulatory authorities, in order to enhance the market presence. For instance, in March 2018, GC Pharma approval for Glargia Prefilled Pen from the Ministry of Food and Drug Safety, South Korea.
3. Major companies in the market are focused on different business strategies such as product launches, in order to gain competitive edge in the market. For instance, in November 2018, Biocon and Mylan jointly launched biosimilar insulin Glargine in the U.K. It will be sold under the brand name ‘Semglee’.