Business Daily Media

Business Marketing

Marketing application of BOGUTAI® (teriparatide injection) has been officially accepted by the China National Medical Products Administration (NMPA)

HONG KONG SAR - EQS Newswire - 29 June 2022 - A fully integrated biopharmaceutical company – Uni-Bio Science Group Limited (the "Company", together with its subsidiaries, the "Group"; Stock code: 00690.HK) is pleased to announce that t the marketing application submitted by the Group's self-developed BOGUTAI® (teriparatide injection) has been accepted by the China National Medical Products Administration ("NMPA") on 28 June 2022, with the acceptance number "CXSS2200062国".

If BOGUTAI® is approved for marketing, it will provide patients with better drug choices, which is a major milestone for the company in the field of orthopedic diseases.

BOGUTAI® (teriparatide injection) is the Group's fifth marketed product following GENETIME® , GENESOFT® , PINUP® , BOKANGTAI®, and it is also the first domestic manufactured PTH Liquid in China to use a disposable injection pen. Developed in collaboration with Swiss self-care giant Ypsomed, this product has an extremely thin injection needle and high dose accuracy, which can greatly reduce the pain of injections for patients. The Group strongly believe BOGUTAI® will be a future blockbuster for the Group by virtue of the product's strong cost advantage, better therapeutic effect and convenient administration method.

Teriparatide injection adopts biological expression technology, and is a recombinant human parathyroid hormone analog (PTH1-34), which has the same sequence as the 34-amino acid N-terminal amino acid (biologically active region) of human parathyroid hormone of 84 amino acids. For the treatment of osteoporosis in postmenopausal women with a high risk of fractures, it is the only osteogenesis-promoting anti-osteoporosis drug approved for marketing at home and abroad, which can effectively improve bone microstructure, increase bone strength, promote bone healing, and significantly reduce the risk of vertebral and nonvertebral fractures in postmenopausal women.

China is the country with the largest number of osteoporosis in the world. According to the data of the seventh census in 2021, there are currently 264.02 million people aged 60 and above in my country, accounting for 18.70%. Epidemiological surveys show that the prevalence of osteoporosis among people over 50 years old in China is 20.7% for women and 14.4% for men; the prevalence of osteoporosis among people over 60 years old is significantly higher, and women are particularly prominent, as high as 51.6%. Hence, there are currently about 90 million osteoporosis patients in China, and the osteoporosis market size is about 15 billion to 20 billion yuan. The current market share of teriparatide is only about 1% of the PRC osteoporosis market, which is significantly lower than that of foreign countries. The main reason is that it is expensive and not covered by medical insurance. However, in the long run, with the aging of Chinese's population, the gradual improvement of the coverage of the medical insurance system and the improvement of residents' purchasing power, the market size of teriparatide will accelerate significant. Moreover, BOGUTAI's product positioning of being more cost-effective and safe fits the needs of target demographic better, ensuring faster growth compared to other teriparatide competitors.

About Uni-Bio Science Group

Uni-Bio Science Group Limited is principally engaged in the research and development, manufacture and distribution of biopharmaceutical products. The research and development center is fully equipped with a complete system for the development of genetically-engineered products with a pilot plant test base which is in line with NMPA requirements. The Group has two GMP manufacturing bases in Beijing and Shenzhen. The Group also has a highly efficient commercialization platform and marketing network. The Group focuses on the development of novel treatments and innovative drugs addressing the therapeutic areas of endocrine as diabetes and osteoporosis, ophthalmology and dermatology. Please visit the official website of Uni-Bio Science Group for more information:

#UniBioScienceGroup

News from Asia

Tarisland and Nimo Unite for a Spectacular Showdown at the Nimo Global Gala in Thailand

BANGKOK, THAILAND - Media OutReach Newswire - 27 March 2024 - Nimo, a globally leading pan-entertainment and gaming live streaming platform, today announced that the 2024 Nimo Global Gala will be ...

Experts come together to support updating the city’s nature conservation masterplan

HONG KONG SAR - Media OutReach Newswire - 27 March 2024 - The Hong Kong Government is currently formulating the next phase of the city's Biodiversity Strategy and Action Plan (BSAP), which is the ...

Uni-Bio Science Group Announces 2023 Annual Results

Record-breaking Revenue of HK$484.7M and Net Profit of HK$70.9M Pioneering Breakthroughs in Osteoporosis, Medical Aesthetics, and Ophthalmology Markets HONG KONG SAR - EQS Newswire - 27 March...

Lisboeta Macau’s world first LINE FRIENDS PRESENTS CASA DE AMIGO and BROWN & FRIENDS CAFE & BISTRO has officially opened

Building exciting bew tourist destinations in Macao Infusing fresh elements into Macao's tourism industry MACAU SAR - Media OutReach Newswire - 27 March 2024 - Lisboeta Macau, in partne...

Meta Earth Official Website Launch: The Pioneer Explorer in the Modular Public Blockchain Domain

BERN, SWITZERLAND - Media OutReach Newswire - 27 March 2024 - After over two years of thorough preparation, and with the enthusiastic support and active promotion of the global community, the Met...

Superland Announced Annual Results for 2023, 2023 Net Profit Increased approximately 39.5% to approximately HK$22.2 million as Compared to the 2022 Adjusted One

Launch of an AI-Driven Interior Design Platform “Oodles Smart” to Provide Innovative Experience Highlights 2023 net profit is approximately HK$22.2 million, representing an increase of ap...

FabriX landed on ComplexCon Hong Kong on 23-24 March Immerse in digital transformation of fashion retail

Experience Newly Designed AR digital kiosk Launching “Phy-gital” merchandise with Spin Fashion at ComplexCon HONG KONG SAR - Media OutReach Newswire - 28 March 2024 - Following the successful Fabr...

Konica Minolta is named ASEAN 2023 Market Leader in Colour Light and Mid Digital Production Printers

Konica Minolta achieves No. 1 market share for its second year running, highlighting its continued commitment to unparalleled quality and efficiency. SINGAPORE - Media OutReach Newswire - 28 March...

AIA Hong Kong Wins More Than 20 Accolades at MPF Ratings MPF Awards, BENCHMARK MPF of The Year Awards and Bloomberg Businessweek Top Fund Awards

HONG KONG SAR - Media OutReach Newswire - 28 March 2024 - AIA Hong Kong is committed to providing outstanding MPF products and services for customers. Its efforts and dedication have been recognis...

Huawei Cloud Continues To Build Strong Ecosystem Foundations For Partners To Drive Growth And Carve New Opportunities In Industry Digitisation

DONGGUAN, CHINA - Media OutReach Newswire - 28 March 2024 - Artificial Intelligence (AI), deep partner collaboration, and building a strong ecosystem foundation were championed as next-level growt...

Popular

Ethical Enterprise Award

Moral Fairground has been a driving force in creating awareness and raising the profile of fair trade, and ethical business and consumer practices throughout the local communities and business sectors Australia wide. Through the...

Aussie shoppers use a phone in-store to research before buying

Bazaarvoice, Inc., the leading provider of product reviews and user-generated content (UGC) solutions, today released its latest research, based on a survey of more than 6,000 global shoppers and over 400 retailers. The report s...

What would an AI transformation mean for your business?

How quickly is Artificial Intelligence being embraced around Australia? We recently found that 69% of Australian Leaders Have Incorporated AI into Their Business Strategy for 2022. When so many organisations in Australia are ...

Virtual Office
Tomorrow Business Growth