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26 Nov 2024
Admin
News Article

Sunshine Biopharma Introduces Ursodiol for Cholestatic Liver Diseases

Sunshine Biopharma introduces new drug, Ursodiol for management of cholestatic liver diseases, including PBC

Overview

Sunshine Biopharma Inc., a pharmaceutical company offering and researching lifesaving medicines in a variety of therapeutic areas including oncology and antivirals, announced that its wholly owned Canadian subsidiary, Nora Pharma Inc., has launched a new generic prescription drug.

About the Drug: Ursodiol

The newly launched drug is Ursodiol, a generic version of URSO DS.
Ursodiol, also known as ursodeoxycholic acid (UDCA), is indicated for the management of cholestatic liver diseases, including primary biliary cirrhosis (PBC).
Ursodiol is also used to
(i) dissolve gallstones in people who do not want surgery or cannot have surgery to remove gallstones, or
(ii) prevent the formation of gallstones in overweight people engaged in a rapid weight loss program.
Nora Pharma’s Ursodiol is available for the Canadian market in 250 mg and 500 mg tablets.

Market size of Ursodiol: In Canada

The market size of Ursodiol in Canada is part of the broader global Ursodiol market, which is projected to grow significantly.
The global Ursodiol market was valued at approximately $457.9 million in 2022 and is expected to reach around $933.9 million by 2029, with a compound annual growth rate (CAGR) of 10.7%.

Words from the CEO: Sunshine Biopharma

“This is the third new product we have introduced this year. We continue to grow through the addition of new products to strengthen our presence in the Canadian generic drugs market which was estimated to be $9.7 billion in 2023 and is projected to grow to $19.2 billion by 2032,” said Dr. Steve Slilaty, CEO of Sunshine Biopharma.

Sunshine Biopharma: Current Generic Drugs

Sunshine Biopharma currently has 63 generic prescription drugs on the market in Canada and 31 additional drugs scheduled to be launched in the remainder of 2024 and in 2025.

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