US approval gives Bangladeshi company competitor to B-MS' Glucophage

19 December 2016

Fast-growing Bangladeshi generic drugs company Beximco Pharmaceuticals (AIM: BXP) has received approval from the US Food and Drug Administration (FDA) for a generic equivalent of Glucophage XR tablets (metformin hydrochloride).

Annual sales in the USA for Glucophage XR, which is sold by US pharma major Bristol-Myers Squibb (NYSE: BMY) and is indicated as an adjunct to diet and exercise to improve glycemic control in adults with type 2 diabetes mellitus, were $918 million for the 12 months ending October 31, 2016, according to IMS data.

"We expect to launch this product through our US distribution partner during the middle of 2017"

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.

Try before you buy

Free

7 day trial access

Take a Free Trial

All the news that moves the needle in pharma and biotech
Exclusive features, podcasts, interviews, data analyses and commentary from our global network of life sciences reporters.
Receive The Pharma Letter daily news bulletin, free forever.

Become a subscriber

£820

Or £77 per month

Subscribe Now

Unfettered access to industry-leading news, commentary and analysis in pharma and biotech.
Updates from clinical trials, conferences, M&A, licensing, financing, regulation, patents & legal, executive appointments, commercial strategy and financial results.
Daily roundup of key events in pharma and biotech.
Monthly in-depth briefings on Boardroom appointments and M&A news.
Choose from a cost-effective annual package or a flexible monthly subscription

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