Hyderabad based NATCO Pharma has launched its first nano - technology drug - Albupax. Albupax is the first generic version of the international brand - Abraxane - (2007 sales approximately US$ 375 million) of Abraxis Bio-sciences, USA.
Albupax, which is the brand name of NATCO consists of Paclitaxel in an Albumin bound nano-particle form. Albupax is used in the treatment of breast cancer. The incidence of breast cancer is on the rise in India, and currently over a lakh new patients are added every year. By 2015, the number of new cases are likely to go upto 2 lakh every year.
Albupax replaces the conventional Paclitaxel and has the advantage of having least side effects. In the conventional Paclitaxel, the solvent polyethylated castor oil is used, which causes severe side effects such as neutropenia, hyper - sensitivity reactions and neuropathy. Albupax does not contain this solvent, and hence can be given in optimum doses for enhanced efficacy. Albupax has been indigenously developed by NATCO in India and is the first albumin bound Paclitaxel in nano-particle to be developed in India.
Each 100 mg vial of Albupax has been affordably priced at Rs 11,500. The estimated Indian market for this product is in the region of Rs 150 crore and NATCO expects Albupax to garner a reasonable share of this market. NATCO believes that Albupax has the potential of becoming the single largest brand amongst its basket of oncology products. NATCO is also exploring the possibility of a tie-up for taking this brand to international markets.
The company made this announcement during the trading hours today, 19 September 2008.
No comments:
Post a Comment