Korea United Pharm's Galvusmet generic is the first approved
By Lee, Tak-Sun | translator Kang, Shin-Kook
21.10.19 05:58:59
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Outpatient prescription market last year amounts to ₩36 billion
opportunity to preoccupy market through rapid development
Korea United Pharm received approval for the first generic of Novartis¡¯s DPP-4 inhibitor, ¡®Galvusmet (vildagliptin/metformin hydrochloride),¡¯ an antidiabetic treatment.
With the approval, the company will likely be competing with Hanmi Pharmaceutical next year, which marked the start of Galvusmet latecomers with a salt-modified drug in July.
The Ministry of Food and Drug Safety approved Korea United Pharm¡¯s Galvusmet generic on the 18th. The product is a fixed-dose combination of vildagliptin and metformin hydrochloride and is a generic drug that contains the same ingredient as Novartis¡¯s Galvusmet that was approved in 2008.
The drug was approved as an adjunct
Lee, Tak-Sun(hooggasi2@dailypharm.com)
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