Licensing deal to bring three new insulin biosimilars to the USA
Chicago, USA-based Meitheal Pharmaceuticals has announced an exclusive licensing agreement with Tonghua Dongbao Pharmaceutical to commercialize three insulin biosimilars in the USA.
Meitheal is a subsidiary of another Chinese company, Nanjing King-Friend Biochemical Pharmaceutical.
The deal will see the firm take on development and commercialization of insulin aspart, insulin lispro, and insulin glargine in what is by far the world’s largest market for diabetes medicines, pending approval by the US regulator.
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