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Genova Biotech To Launch New Anti-cancer Drug Novaferon

This article was originally published in PharmAsia News

Executive Summary

Beijing-based Genova Biotech will complete clinical trials on its anti-cancer drug Novaferon and commence production within the year. The company disclosed that it will price the genetically engineered protein-based product at a level only one-fifth to one-tenth that of imported biopharmaceutical medicines. Although it is still in the final approval stages, the drug's projected sales could reach several billion yuan. Novaferon's anti-tumor and anti-virus activities are much higher than those of natural interferon. Trials show that the drug can inhibit the growth of cancer of the pancreas, bowel, liver, lung, breast, ovary and prostate. (Click here for more - Chinese Language)

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