Shilpa Medicare gets USFDA nod for Bortezomib Injection for multiple myeloma
Karnataka: Shilpa Medicare Ltd has announced the U.S. Food and Food Administration (USFDA) has approved the Company's second NDA [505(b)(2)], injectable product - Bortezomib Injection.
Bortezomib Injection is approved for subcutaneous or intravenous use. It is available as a single dose vial of 3.5 mg/1.4 mL (2.5 mg/mL).
According to the Company, this is the first “liquid” injection for Bortezomib, approved for both subcutaneous and intravenous administration by the USFDA. The Injection is “ready to use” for subcutaneous administration, offering significant advantages to the health care providers. The Injection has to be diluted for intravenous use.
The reference product Velcade is a lyophilized injection which requires reconstitution prior to administration. Bortezomib Injection, a proteasome inhibitor, contains bortezomib which is an antineoplastic agent. This NDA provides for the use of Bortezomib injection for the treatment of adult patients with multiple myeloma and for the treatment of adult patients with mantle cell lymphoma.
“This second NDA approval in the US market from our novel injectable portfolio is a testament of our capabilities and commitment to introduce patient centric solutions that enhance compliance and ease of administration. I am very pleased to see that our relentless endeavour and self-belief of investing in various value added products across different segments have started paying off with monetization opportunities being created in each of the segments, laying a stronger foundation for the future”, said Vishnukant Bhutada, Managing Director Shilpa Medicare Limited.
Shilpa’s Bortezomib Injection shall be marketed by the Company's business partner, Amneal Pharmaceutical LLC USA. The current market for the lyophilised Bortezomib in the US is about USD 95 million (MAT Q4 2023).
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Shilpa is an integrated pharmaceutical group with business interests in niche Oncology & Non-oncology APIs, Peptides, Polymers, differentiated finished dosage formulations including orally dispersible films & transdermal patches along with carefully crafted biological portfolio. Shilpa also provides end-to-end CDMO services to global pharmaceutical companies across all its business segments based on its R&D and manufacturing capabilities backed by four R&D units and seven manufacturing facilities.
Read also: Shilpa Medicare successfully completes Phase 1 clinical trial for Recombinant Human Albumin 20%
