Biocon, Asia’s premier biopharmaceutical company, announced that close on the heels of receiving approval for its Insulin Glargine from the Japanese regulator last quarter, its partner FUJIFILM Pharma Co., Ltd. has launched the product in Japan on July 15, 2016.
Insulin Glargine BS Injection Kit (FFP) has been developed & manufactured by Biocon, and is being commercialized by FFP in Japan. The product is a ready-to-use, prefilled disposable pen with 3 ml of 100IU Insulin Glargine. It will provide a high quality, yet affordable, world-class long-acting biosimilar basal Insulin Glargine for patients of diabetes in Japan. There were 7.2 million people with diabetes in Japan in 2015, according to the International Diabetes Federation.
The Company through its partner aims to capture a significant share of the Japanese Glargine market of US$ 144 Mn, which is the second largest market outside of North America & Europe and is largely dominated by disposable pens.
Biocon is recognized as Asia’s largest insulins producer and has been committed to affordable diabetes management through rh-Insulin (Insugen) and Insulin Glargine (Basalog) in India and several emerging markets. The company currently has marketing approvals in over 60 countries for rh-Insulin and in over 20 countries for Insulin Glargine. It is also developing Insulin Glargine for the developed markets outside of Japan in collaboration with Mylan.