Approvals for Lotus Pharma's generics in the Philippines
Taiwanese generics and biosimilar drugmaker Lotus Pharmaceutical (TWSE: 1795) has received approval for its abbreviated new drug application (ANDA) in the Philippines for its generic versions of Bristol Myers Squibb’s (NYSE: BMY) Revlimid (lenalidomide) and AstraZeneca’s (LSE: AZN) lung cancer drug Iressa (gefitinib).
A treatment for multiple myeloma (MM), lenalidomide is the first approved Revlimid generic in the Philippines. As disclosed by the originator, the total sales of Revlimid globally were $12.8 billion in 2021. Lotus believes that the market potential of lenalidomide in Philippines is around $10 million.
The company expects the launch of the two drugs will help expedite its expansion in Southeast Asia.
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