Sunshine Biopharma Inc. announced today that its wholly owned Canadian subsidiary, Nora Pharma Inc., has launched Everolimus in the Canadian generic prescription drugs market. Everolimus is a generic equivalent of the brand name Afinitor®, an oncology drug with an estimated global market of $2.5 billion. This launch marks a significant expansion into the oncology therapeutic area for Nora Pharma.
The introduction of generic Everolimus strengthens Nora Pharma's product portfolio and its presence in the high-value oncology market. This strategic launch is expected to contribute to the company's revenue growth and market share in Canada. Expanding into specialized therapeutic areas like oncology is a key part of Nora Pharma's commercial strategy.
This new generic drug launch supports Sunshine Biopharma's dual business model by generating commercial revenues. These revenues are essential for funding the company's innovative proprietary drug development programs, including its own oncology pipeline.
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