Daewoong Pharmaceutical Reaches Sales of KRW 1.16 Trillion in 2022, Fexuclue Leads The Highest Revenue

– Hitting a history substantial sale with business profits of KRW 106 billion and internet profits of KRW 80.1 billion in accordance to the accounting of 2022

– Not only steady positioning of Fexuclue but also accomplishment obtaining a permit of new medicine for Envlo

SEOUL, South Korea, Feb. 19, 2023 /PRNewswire/ — Daewoong Pharmaceutical (CEO Seng-ho Jeon, Chang-jae Lee) introduced its 2022 yearly report. On a standalone basis, sales amplified from the prior yr by 10.1% to KRW 1.16 trillion with organization income amplified by 11.% to KRW 106 billion and internet earnings amplified by 123.9% to KRW 80.1 billion, respectively. Based mostly on the consolidated accounting, income recorded KRW 1.28 trillion, business enterprise revenue KRW 95.8 billion and web revenue KRW 76.1 billion.

The accomplishment is the end result of steady progress in product sales and company revenue amid the upswing in export of Nabota, botulinum toxin of Daewoong Pharmaceutical, and settlement of Fexuclue, a new drugs for gastroesophageal reflux disorder unveiled final July, in the marketplace.

In the Etcetera sector, revenue enhanced by 6.1% from KRW 7.78 billion in the previous yr to KRW 825.5 billion. Fexuclue, which was produced in the center of previous 12 months, successfully settled in the marketplace by landing on significant basic hospitals throughout the state and reaching cumulative revenue of KRW 10 billion in just 4 months while Ursa, the dietary supplement to increase purpose of liver, also went on a quick track. The expansion in the And so forth sector is expected to surge as the prescription of Fexuclue for gastritis goes in total swing in the very first 50 % of this year and Envlo, a cure for sort Ⅱ diabetes and the 36^th new medication in Korea, is launched in the industry.

Nabota, botulinum toxin, was bought for KRW 142 billion, an enhance by 78.5% from KRW 79.6 billion in the former calendar year, with a expansion in excess of twice in abroad profits by 123.3%. In the US market place, the world’s premier sector for botulinum toxin, the annual sales elevated by 49% in comparison to the earlier 12 months, and in the most significant continental marketplaces these as Thailand and Brazil, it has positioned as the quickest-escalating toxin brand. Daewoong Pharmaceutical expects to get hold of a allow and advance into China this year and is setting up to increase the global share of Nabota by rolling it out in countries with a proven large marketability these types of as Australia, Germany and Austria.

In the OTC sector, income elevated by 11.7% from KRW 114.4 billion in the earlier calendar year to KRW 127.7 billion. EZN 6, an antipyretic analgesic, has developed in sales amid the COVID 19 pandemic, together with EasyDerm, new moist dressing, Enerthistle, liver health and fitness useful meals, offered in major supermarkets. Daewoong Pharmaceutical is setting up to develop the associated enterprise territory by strengthening residence medicines, medicines for prevention and advancement of growing old-affiliated symptoms, and Senomega, which is a wellness complement for blood circulation.

In the worldwide and other individuals ^[1] sector, revenue recorded KRW 20.3 billion. Daewoong Pharmaceutical has signed a technical export arrangement for a total of about KRW 1.2 trillion for Fexuclue, which acquired a permit of medication in Philippine and Ecuador in the initially yr of release in the nation, and strategies to broaden the partnership up to Europe and Russia.

Meanwhile, Daewoong Pharmaceutical invested KRW 139.3 billion, 12% of yearly profits, into investigate and improvement, succeeding in establishing a new medication for two consecutive years from 2021 as a end result. Envlo tablet acquired a permit of new drugs for dealing with diabetes with sodium glucose cotransporter 2 (SGLT2) inhibitors for the initial time in the Korea amid the prescribed drugs in last November and was picked as the first company for World Ground breaking merchandise on Quick Monitor (Reward) of the Ministry of Meals and Drug Protection by currently being regarded for the excellence and probable of the new medication.

Fexuclue tablet, formally introduced in the place final July, has demonstrated its outcome for improving upon the gastric mucosal lesion of acute and long-term gastritis for the initial time among the domestic potassium-aggressive acid blockers(P-Cab) in just a single thirty day period of launch in the marketplace. Daewoong Pharmaceutical is organizing to solidify the place of Fexuclue as the ideal-in-course medicine by adding the illnesses for which it is efficacious and diversifying the form. In the meantime, Nabota, which entered the European current market last calendar year, the world’s next greatest botulinum toxin market place, is spurring its advance into the earth disease get rid of market as the Korea’s to start with pharmaceutical to do so right after succeeding in phase 2 clinical trials for cervical dystonia in the US.

Daewoong Pharmaceutical mentioned that the past calendar year was the calendar year in which Daewoong confirmed its capability in investigation and progress by succeeding in building new medications for two consecutive a long time these as Fexuclue, which Daewoong created, introduced and settled in the market, and Envlo, which Daewoong acquired a allow of new medicine for. Extra that this 12 months, Daewoong will place by itself as a world-wide healthcare group by expanding its possess troikas Daewoong designed by itself – Fexuclue, Envlo and Nabota – into a world blockbuster in new medication.

^[1] Items that account for much less than 10% of gross sales (e.g. consignment)

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Source Daewoong Pharmaceutical Co., Ltd.