Sunshine Biopharma Inc. announced today that its wholly owned Canadian subsidiary, Nora Pharma Inc., has launched Gabapentin, a new generic prescription drug. Gabapentin is a generic version of Neurontin® and is used in the therapeutic class of anticonvulsants for neuropathic pain. This launch targets the Canadian segment of the global $1.92 billion market.
The introduction of generic Gabapentin further strengthens Nora Pharma's product portfolio and its market presence in Canada. Expanding the range of generic medications, especially those addressing significant medical needs like neuropathic pain, is a key strategy for increasing market share and driving revenue growth. This contributes directly to the commercial segment's performance.
These generic drug launches are integral to Sunshine Biopharma's strategy of generating consistent commercial revenues. These revenues are crucial for funding the company's ongoing research and development efforts in its proprietary oncology and antiviral drug programs.
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