Sunshine Biopharma Inc. announced today that its wholly owned Canadian subsidiary, Nora Pharma Inc., has launched a new generic prescription drug. The newly introduced drug is Ursodiol, which is a generic version of the brand-name medication URSO DS®. This launch expands Nora Pharma's commercial offerings in the Canadian market.
The introduction of Ursodiol is part of Nora Pharma's ongoing strategy to grow its portfolio of generic prescription drugs. Expanding the range of available generic medications allows the company to capture additional market share and generate new revenue streams. This contributes to the overall financial health and stability of Sunshine Biopharma.
Generic drug launches are a key component of Sunshine Biopharma's dual business model, providing consistent commercial revenue. These revenues are vital for supporting the company's innovative proprietary drug development programs in oncology and antivirals.
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