Prospects for China-based Green Valley's Alzheimer's drug oligomannate

9 January 2020

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China's National Medical Products Administration (NMPA) has recently approved Shanghai Green Valley Pharmaceuticals’ brown algae-extracted drug – oligomannate (GV-971) – for mild to moderate Alzheimer's disease.

Against this back drop, the company is well positioned to capitalize in a market with a massive patient pool and little competition, says data and analytics company GlobalData.

Oligomannate is the first novel drug approved for Alzheimer's disease globally since 2003. Oligomannate is derived from brown seaweed and was developed after observations that elderly individuals with high consumption of seaweed demonstrated lower rates of Alzheimer’s disease.

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