Sunshine Biopharma Inc. announced today that its wholly owned Canadian subsidiary, Nora Pharma Inc., has launched NIOPEG®, the company's first Biosimilar drug on the market. NIOPEG® is comparable to the reference biologic drug NEULASTA® (Pegfilgrastim), which is used to prevent infections in cancer patients receiving chemotherapy. This launch marks a significant entry into the $10 billion biologics market.
The introduction of NIOPEG® represents a strategic expansion for Nora Pharma beyond traditional generic small-molecule drugs into the more complex and higher-value biosimilar market. This move is expected to significantly enhance the company's revenue potential and market competitiveness. Entering the biologics market diversifies Nora Pharma's product offerings and strengthens its long-term growth prospects.
This biosimilar launch is a major milestone for Sunshine Biopharma's commercial segment, providing a new and substantial revenue stream. These revenues are critical for funding the company's innovative proprietary drug development programs in oncology and antivirals, reinforcing its dual business model.
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