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

Fertility Treatment permitted in Costa Rica after 15 years

The government of the Costa Rica has announced that it will now allow fertility treatment in the country after 15 years since it was banned in the country.

The in-vitro fertilization (IVF) treatment was banned in Costa Rica in 2000 after anti-abortion activists with the help of the Catholic Church and a U.S. group won a legal battle...

Most Popular

Robot to use memory to teach astronauts at the ISS

A robot capable of capturing and storing memories, which...

Rare lump of whale vomit to be auctioned

A rare lump of whale vomit is set to be auctioned in the...

New 'opt-out' organ donation scheme to save lives in Wales

Health care experts have said that the new “opt out”...

Children dental health vary significantly in areas, study

A healthcare charity has conducted a study to find that...


Can Greece Come out of Economic Problems: