Daewoong Pharmaceutical announces success in developing a new antidiabetic medication and its aims to enter the market in over 50 countries by 2030
Until now, the development and approval of SGLT2 inhibitors have been carried out mainly by multinational pharmaceutical companies.
- Until now, the development and approval of SGLT2 inhibitors have been carried out mainly by multinational pharmaceutical companies.
- Daewoong Pharmaceutical, South Korea's leading healthcare company, became the first domestically to succeed in developing a new antidiabetic drug in this class by obtaining a product license.
- Daewoong Pharmaceutical plans to actively pursue the global market through this product.
- At the same time, the company has developed a roadmap to enter the global market over 10 countries including China, Brazil and Saudi Arabia by 2025 and 50 countries by 2030.