Uni-Bio gains Chinese approval for generic version of Forteo
Hong Kong-based Uni-Bio Science has secured approval from the China National Medical Products Administration (NMPA) for Bogutai (teriparatide), a treatment for osteoporosis.
Originally developed by Eli Lilly (NYSE: LLY) and marketed as Forteo, teriparatide is a parathyroid hormone (PTH) analog that works by stimulating bone formation in both men and women.
Other generic teriparatide products have also been developed, with a recent US approval being granted for a version manufactured by South Carolina-based Ambio, launched subsequently by Floridian partner Apotex.
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