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

Areva to start talks with unions regarding possible layoffs

Nuclear and renewable energy major Areva has made announcement about a huge transformation plan after its net loss increased to 4.8 billion euros.

According to Areva, it is going to sell assets, cut costs, decrease capital expenditure and also start discussions with unions about feasible layoffs.

"The scale of the net loss for...

Most Popular

500,000 youngsters to die due to smoking, warns charity

A charity in the UK has warned that it is estimated that...

NICE releases new guidelines on safe staffing for midwifery

The National Institute for Health and Care Excellence (...

NASA tracks Dust from Sahara Desert to Amazon Rainforest

Data gathered by a satellite of the National Aeronautics...

Poll

Can Greece Come out of Economic Problems: