TOKYO: Japan's Shionogi & Co believes its COVID-19 pill will easily garner US$2 billion in annual sales if it secures US approval, which the company expects to receive in late 2024, its chief executive said. Xocova, a protease inhibitor like the COVID-19 treatments developed by Pfizer and Merck & C
TOKYO: Japan's Shionogi & Co believes its COVID-19 pill will easily garner US$2 billion in annual sales if it secures US approval, which the company expects to receive in late 2024, its chief executive said.
While Xocova came later to the market than Shionogi initially hoped for after Japanese regulators twice requested more data, the company says interim results of a study suggest taking the pill could lessen a patient's chances of developing long COVID. Shionogi sold 2 million courses of Xocova, taken once daily for five days, to the Japanese government last year for 100 billion yen .
Shionogi, a specialist drugmaker for infectious diseases like HIV and influenza, has ploughed about 80 per cent of its research and development budget on coronavirus treatments in recent years.
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