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China’s Luye Pursues Global Differentiation Strategy

 
• By Aidan Fry

Luye Pharma says it is making sound progress in developing a pipeline of added-value injectables and transdermal patches, while clinical trials for two biosimilars are also moving forward.

Added_Value
Luye Pharma is developing a range of added-value, differentiated injectables and transdermals • Source: Shutterstock

Luye Pharma Group says it is making good headway with its development pipeline of value-added, differentiated formulations and biosimilars. The Chinese company posted turnover for the first half of 2019 ahead by 42.1% to CNY3.131bn ($438m), matched by earnings before interest, tax, depreciation and amortization that advanced by 44.1% to CNY1.263bn, even with a 30.6% rise in research and development spending.

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