Glenmark launches sunitinib generic – priced 96% lower than innovator brand
India’s Glenmark Pharmaceuticals (BSE: 532296) has launched Sutib, its generic version of sunitinib oral capsules to treat kidney cancer in India. The company's shares closed up nearly 3% at 505.05 rupees following the announcement today.
The drug is launched at a MRP that is around 96% lower than the MRP compared to the innovator brand, US pharma giant Pfizer’s (NYSE: PFE) Sutent, priced at 7,000 rupees ($96.22) for 50mg), 3,600 rupees (25mg) and 1,840 rupees (12.5mg) per month.
Sutent, which is globally approved including by the US Food and Drug Administration, is facing patent expiry, as a result of which worldwide sales of the drug in 2020 declined 12% to $819 million.
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