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.
This article is accessible to registered users, to continue reading please register for free. A free trial will give you access to exclusive features, interviews, round-ups and commentary from the sharpest minds in the pharmaceutical and biotechnology space for a week. If you are already a registered user please login. If your trial has come to an end, you can subscribe here.
Login to your accountTry before you buy
7 day trial access
Become a subscriber
Or £77 per month
The Pharma Letter is an extremely useful and valuable Life Sciences service that brings together a daily update on performance people and products. It’s part of the key information for keeping me informed
Chairman, Sanofi Aventis UK
Copyright © The Pharma Letter 2024 | Headless Content Management with Blaze