MoneyWorks4Me

Biocon gets approval from MHRA, UK for complex formulation Liraglutide

28 Mar 2024 Evaluate

Biocon has received approval from the Medicines and Healthcare Products Regulatory Agency (MHRA), U.K., for its complex formulation Liraglutide (6mg/ml solution for injection in pre-filled pen), which was filed through its European partner, Zentiva.

Liraglutide is a drug-device combination formulation used in the treatment of Type 2 Diabetes Mellitus, a disorder in which the body does not produce enough or respond normally to insulin, causing blood sugar (glucose) levels to be abnormally high.

According to IQVIA MAT Q4 2023 the total addressable market opportunity for GLP-1 in diabetes and weight loss in U.K. was $425 million.

Biocon is India’s largest and Asia’s leading Biotechnology Company with a strategic focus on biopharmaceuticals and research services. It is a fully integrated, innovation driven biopharma enterprise offering affordable solutions for chronic diseases to patient's worldwide.


Peers
Company Name CMP
Sun Pharma. Inds. 1791.95
Dr. Reddys Labs. 1200.55
Cipla 1323.45
Lupin 2001.10
Zydus Lifesciences 1135.00
View more..