Welcome!

News Feed Item

Uni-Bio Science in Multiple Drug Co-development Deal with Beijing Sun-Novo

Extended R&D Collaboration of Oral Diabetes Drugs Promising to Meet Unmet Needs Complements the Group's R&D Capabilities and Diabetes Treatment Portfolio

HONG KONG, CHINA -- (Marketwired) -- 12/01/16 -- Uni-Bio Science Group Limited ("Uni-Bio Science" or the "Group"; HKEx code: 690) has today announced that it has signed a multiple drug co-development deal with Beijing Sun-Novo Pharmaceutical Research Co., Ltd. ("Beijing Sun-Novo"), a China-based company engaged in research and development (R&D), manufacturing and commercialization of pharmaceutical products, to extend Uni-Bio's current R&D capabilities in small molecule drug development. This cooperation includes co-development of various oral anti-diabetes drugs ("OAD") to build a comprehensive diabetes treatment portfolio for the Group, which would represent an all-encompassing strategy in satisfying the unmet needs in treatment of this increasingly prevalent disease.

The first co-development project of the two companies is to develop high quality Acarbose tablets for treatment of Type 2 diabetes, an emerging and increasingly important diabetes treatment in China. Under this collaboration, Beijing Sun-Novo is to be responsible for completing the chemistry, manufacturing and control (CMC) processes and the bioequivalence study of Acarbose, as well as transferring the production technology to Uni-Bio Science's subsidiary. On the other hand, Uni-Bio Science is to apply for drug licenses from the China Food and Drug Administration with support from Beijing Sun-Novo and commercialize the product once it is approved. The project is targeted to start in 2017 and launch sales in the market around 2020 to 2021.

Mr. Kingsley Leung, Executive Director of Uni-Bio Science, said, "Our cooperation with Beijing Sun-Novo is an exciting opportunity to realize our goal quickly of becoming an industry-leading expert in diabetes management. With the incidence of diabetes reaching epidemic levels in China and across the world, there is a need for a wider range of treatment options to better manage this long-term chronic condition. This multiple co-development deal can strengthen our R&D capabilities and enhance our current positioning of our portfolio to meet the increasing market demand. We are planning to collaborate on various OAD to satisfy unmet medical needs, and Acarbose is another important component of a comprehensive diabetes product strategy targeting 1st-to-4th line of treatment within the Chinese treatment guideline. As this collaboration progresses, we hope to develop two or more OADs that can further complement our existing diabetes portfolio of Mitiglinide and rExtendin-4 (Uni-E4)."

Mr. Li Qian, Chairman of Beijing Sun-Novo, said, "Uni-Bio Science and Beijing Sun-Novo, as strategic partners, will strive to introduce medical innovations that improve treatment efficacy and the quality of living of diabetics in China and also to cooperate in depth on diabetes, dermatological and ophthalmological products in the future through upholding the principles of working as one and aiming for win-win outcomes. With a seasoned R&D team, the company has developed a sound quality testing and control system, forged a complete industry chain integrating production operations and aligned R&D to ensure efficient cooperation in compliance with all rules and regulations. We believe the complementary partnership will help enhance the value of Beijing Sun-Novo and boost our strengths in innovation and R&D while injecting new impetus into Uni-Bio Science, and together we may welcome a new era for pharmaceuticals as we both benefit. We will strive to build a new platform for furthering cooperation, development and exchanges in areas including resources allocation, business integration, workflow and service coverage, thereby generating synergies and improving innovation capabilities, for the goal of achieving strategic breakthroughs in development. "

Acarbose is an oral anti-diabetic drug which belongs to the Alpha-Glucosidase Inhibitors ("AGI") class. It is used to treat Type 2 diabetes and is reimbursed under the National Reimbursement Drug List ("NRDL"). In terms of diabetes treatment, AGI is important for the early stage of diabetes. It targets patients with pre-diabetes condition who need to be treated early, and those with post prandial hyperglycemia under control.

According to IMS China Data, AGI is uniquely positioned within China's diabetes guidelines, maintaining around 18% of China's anti-diabetes drug market in 2012 to 2015, which is especially effective for Asian patients with a high-carbohydrate diet content. Acarbose has the largest market share at 87.8% in China's AGI market in 2015, which represents a market size of RMB3.4 billion. Meanwhile, the domestic sales revenue of Acarbose increased at a compound annual growth rate of 10.3% from 2012 to 2015, which clearly shows the enormous potential and promising growth opportunities of the drug in the market.

About Uni-Bio Science Group Limited (SEHK: 0690)
Uni-Bio Science Group Limited is principally engaged in the research and development, manufacture and distribution of pharmaceutical products. The research and development center located in Dongguan, PRC is fully equipped with a complete system for the development of genetically-engineered products with a pilot plant test base which is in line with CFDA requirements. The Group also has two GMP manufacturing bases in Beijing and Shenzhen. The Group is focused on the development of novel treatments addressing the therapeutic areas of diabetes, ophthalmology and dermatology.

About Beijing Sun-Novo Pharmaceutical Research Co., Ltd.
Beijing Sun-Novo Pharmaceutical Research Co., Ltd. is a national high-tech company with international ISO9001:2008 quality management certification. With a 1,200 sq.m. laboratory and an R&D team comprising more than 70 professionals, the Company is well-positioned as a high-tech enterprise focusing on the R&D of pharmaceutical technologies and Active Pharmaceutical Ingredient ("API") intermediate trading. It strives to conduct innovative research and provide contract services in relation to pharmaceutical technologies riding on its advantages in R&D for new medicines and a commercialization model. The Company also has its own professional team and standardized laboratory for conducting R&D of new medicines, industrial production and API trading. Its core businesses cover R&D for chemical formulas of medicines, transfer of expertise and cooperation, API intermediate production and trading, clinical research services and import registration.

Image Available: http://www2.marketwire.com/mw/frame_mw?attachid=3086775

Media Enquiries:
Strategic Financial Relations Limited
Veron Ng
Phone: +852 2864 4831
Email: Email Contact

Angelus Lau
Phone: +852 2864 4805
Email: Email Contact

Phoebe Li
Phone: +852 2864 4862
Email: Email Contact
Fax: +852 2527 1196

More Stories By Marketwired .

Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.

Latest Stories
SYS-CON Events announced today that CA Technologies has been named "Platinum Sponsor" of SYS-CON's 21st International Cloud Expo®, which will take place October 31-November 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. CA Technologies helps customers succeed in a future where every business - from apparel to energy - is being rewritten by software. From planning to development to management to security, CA creates software that fuels transformation for companies in the applic...
Amazon started as an online bookseller 20 years ago. Since then, it has evolved into a technology juggernaut that has disrupted multiple markets and industries and touches many aspects of our lives. It is a relentless technology and business model innovator driving disruption throughout numerous ecosystems. Amazon’s AWS revenues alone are approaching $16B a year making it one of the largest IT companies in the world. With dominant offerings in Cloud, IoT, eCommerce, Big Data, AI, Digital Assista...
Multiple data types are pouring into IoT deployments. Data is coming in small packages as well as enormous files and data streams of many sizes. Widespread use of mobile devices adds to the total. In this power panel at @ThingsExpo, moderated by Conference Chair Roger Strukhoff, panelists looked at the tools and environments that are being put to use in IoT deployments, as well as the team skills a modern enterprise IT shop needs to keep things running, get a handle on all this data, and deliver...
In his session at @ThingsExpo, Eric Lachapelle, CEO of the Professional Evaluation and Certification Board (PECB), provided an overview of various initiatives to certify the security of connected devices and future trends in ensuring public trust of IoT. Eric Lachapelle is the Chief Executive Officer of the Professional Evaluation and Certification Board (PECB), an international certification body. His role is to help companies and individuals to achieve professional, accredited and worldwide re...
You know you need the cloud, but you’re hesitant to simply dump everything at Amazon since you know that not all workloads are suitable for cloud. You know that you want the kind of ease of use and scalability that you get with public cloud, but your applications are architected in a way that makes the public cloud a non-starter. You’re looking at private cloud solutions based on hyperconverged infrastructure, but you’re concerned with the limits inherent in those technologies.
Both SaaS vendors and SaaS buyers are going “all-in” to hyperscale IaaS platforms such as AWS, which is disrupting the SaaS value proposition. Why should the enterprise SaaS consumer pay for the SaaS service if their data is resident in adjacent AWS S3 buckets? If both SaaS sellers and buyers are using the same cloud tools, automation and pay-per-transaction model offered by IaaS platforms, then why not host the “shrink-wrapped” software in the customers’ cloud? Further, serverless computing, cl...
The taxi industry never saw Uber coming. Startups are a threat to incumbents like never before, and a major enabler for startups is that they are instantly “cloud ready.” If innovation moves at the pace of IT, then your company is in trouble. Why? Because your data center will not keep up with frenetic pace AWS, Microsoft and Google are rolling out new capabilities. In his session at 20th Cloud Expo, Don Browning, VP of Cloud Architecture at Turner, posited that disruption is inevitable for comp...
Wooed by the promise of faster innovation, lower TCO, and greater agility, businesses of every shape and size have embraced the cloud at every layer of the IT stack – from apps to file sharing to infrastructure. The typical organization currently uses more than a dozen sanctioned cloud apps and will shift more than half of all workloads to the cloud by 2018. Such cloud investments have delivered measurable benefits. But they’ve also resulted in some unintended side-effects: complexity and risk. ...
With the introduction of IoT and Smart Living in every aspect of our lives, one question has become relevant: What are the security implications? To answer this, first we have to look and explore the security models of the technologies that IoT is founded upon. In his session at @ThingsExpo, Nevi Kaja, a Research Engineer at Ford Motor Company, discussed some of the security challenges of the IoT infrastructure and related how these aspects impact Smart Living. The material was delivered interac...
It is ironic, but perhaps not unexpected, that many organizations who want the benefits of using an Agile approach to deliver software use a waterfall approach to adopting Agile practices: they form plans, they set milestones, and they measure progress by how many teams they have engaged. Old habits die hard, but like most waterfall software projects, most waterfall-style Agile adoption efforts fail to produce the results desired. The problem is that to get the results they want, they have to ch...
IoT solutions exploit operational data generated by Internet-connected smart “things” for the purpose of gaining operational insight and producing “better outcomes” (for example, create new business models, eliminate unscheduled maintenance, etc.). The explosive proliferation of IoT solutions will result in an exponential growth in the volume of IoT data, precipitating significant Information Governance issues: who owns the IoT data, what are the rights/duties of IoT solutions adopters towards t...
"We are a monitoring company. We work with Salesforce, BBC, and quite a few other big logos. We basically provide monitoring for them, structure for their cloud services and we fit into the DevOps world" explained David Gildeh, Co-founder and CEO of Outlyer, in this SYS-CON.tv interview at DevOps Summit at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY.
In 2014, Amazon announced a new form of compute called Lambda. We didn't know it at the time, but this represented a fundamental shift in what we expect from cloud computing. Now, all of the major cloud computing vendors want to take part in this disruptive technology. In his session at 20th Cloud Expo, Doug Vanderweide, an instructor at Linux Academy, discussed why major players like AWS, Microsoft Azure, IBM Bluemix, and Google Cloud Platform are all trying to sidestep VMs and containers wit...
While DevOps most critically and famously fosters collaboration, communication, and integration through cultural change, culture is more of an output than an input. In order to actively drive cultural evolution, organizations must make substantial organizational and process changes, and adopt new technologies, to encourage a DevOps culture. Moderated by Andi Mann, panelists discussed how to balance these three pillars of DevOps, where to focus attention (and resources), where organizations might...
"When we talk about cloud without compromise what we're talking about is that when people think about 'I need the flexibility of the cloud' - it's the ability to create applications and run them in a cloud environment that's far more flexible,” explained Matthew Finnie, CTO of Interoute, in this SYS-CON.tv interview at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY.