Will the new diabetes drug in the block address affordability?

On July 22, 2015, Mumbai-based Glenmark Pharmaceuticals launched its oral type-2 diabetes drug, Teneligliptin, in Bangalore. The company has launched the drug under the brand names Ziten and Zita Plus respectively, each pill costing Rs 19.90.

istock-health-costs

(Photo Courtesy: www.archive.freeenterprise.com)

Teneligliptin is a selective DPP4 inhibitor, which suppresses glucagon release and increases insulin release in the body.

Originally the molecule was created by Japanese pharma firm Mitsubishi Tanabe, which received the marketing authorization in 2012.

India as a country is a home to 65.1 million diabetes patients. By 2035, this value will see a jump to 110 million, according to International Diabetes Federation (IDF) 2014.

Globally, diabetes caused at least $612 billion health expenditure in 2014. About 80 percent of the patients live in the middle- or low-income countries worldwide.

The total market for diabetes medication in India is valued at Rs 6,000 crore. IMS Health estimates that gliptins are valued at Rs 1,258 crore, which is 19 percent of the total market.

 

Previous 1 3 4 5 Next

Leave a Reply Sign in

Notify me of follow-up comments via e-mail address

Post Comment

Survey Box

GST

GST: Boon or Bane for Healthcare?

Send this article by email

X