Sunshine Biopharma Inc. announced today that its wholly owned Canadian subsidiary, Nora Pharma Inc., has acquired the rights to two gastrointestinal drugs. One of these drugs has already been launched, with the second planned for launch within the next nine months. This strategic move targets the Canadian gastrointestinal drug market, estimated at $200 million.
The acquisition of these rights signifies Sunshine Biopharma's commitment to expanding its generic drug portfolio and market presence in Canada. By adding new therapeutic areas like gastrointestinal health, Nora Pharma aims to diversify its revenue streams. This expansion is expected to solidify Nora Pharma's position as a key supplier in the Canadian market.
These new product rights are part of the company's broader strategy to leverage its commercial arm to generate consistent revenues. These revenues are essential for supporting the high-potential, innovative proprietary drug pipeline in oncology and antivirals.
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