Tonghua Dongbao Medicines To Expand Insulin Production
This article was originally published in PharmAsia News
Executive Summary
Tonghua Dongbao Medicines has begun the second phase of expanding its 3,000 kg recombinant human insulin (lyophilized powder) project. Meanwhile, the company reveals that it will invest 80 million yuan in the next half year to set up the new facility to output 30 million human insulin injections annually. Figures show that China's total insulin injections retailed last year reached 3 billion yuan or about 50 million doses, with 90 to 95 percent of the market dominated by pharmaceutical MNCs such as Novo Nordisk and Eli Lilly. Because of the considerable expense in promoting insulin injections, analysts believe Dongbao will face tough competition increasing its sales from the current 3 million injections to a possible 38 million injections. (Click here for more - Chinese Language)