Sanofi makes Efforts to Improve its Presence in Diabetes Market

Sanofi makes Efforts to Improve its Presence in Diabetes Market

A cutting-edge plant in a leafy suburb of Frankfurt churns out up to one million insulin every day. It is a part of French drug maker's Sanofi's drive to not lose its no. 2 spot in the $43 billion-a-year diabetes market.

The facility is also called as Insulin City. It aims towards research and development, production and developing advanced technology for diabetes treatments. According to Sanofi, this will enable them to boost their growth as older blockbusters lose patent protection.

Christian Lerche, head of R&D project direction at Sanofi's diabetes unit, told Reuters that more than one billion dollar has been spent on the site. He added that the site reflects their dedication for development of best treatments for diabetes.

It can be considered as a critical moment for Lerche and his colleagues because a recent products setback has been suffered by arch-rival and market leader Novo Nordisk in the U. S. All the big players are trying to secure their place in a fast-growing global market because the total number of diabetes sufferers is estimated to soar over half a billion by 2030.

Snaofi shares have performed very well in the European drugs sector in past 12 months. The company is expected to come up with new growth drivers in diabetes to cope with loss of patent protection on older medicines.


FrenchTribune Specials

Dark matter may have caused mass extinctions, study

According to a new study, dark matter may have played a role in mass extensions that occurred several times in the history of the world. The study conducted by Professor Michael Rampino of New York University found evidence that task matter may have caused these mass extensions. The Earth takes 250 million years to circle the Milky Way and...

Most Popular

Marriott will no Longer Block Guests from using Personal Wi-Fi Devices

Marriott International has announced that it will not...

Scientists identify protein that plays central role on heart beats

A team of scientists has said that it has identified a...

Rosetta sends new pictures form distant comet

European Space Agency's Rosetta space probe with Philae...

FBI Adds another Name to Its List of Most Wanted Terrorists

It has been informed that FBI on Tuesday added a former...

Poll

Can Greece Come out of Economic Problems: