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Japan’s Shionogi & Co. believes its COVID-19 capsule will simply garner $2 billion in annual gross sales if it secures U.S. approval, which the corporate expects to obtain in late 2024, its chief government stated.
Xocova, a protease inhibitor just like the COVID-19 remedies developed by Pfizer and Merck & Co., was granted emergency approval by Japanese regulators in November, making it the nation’s first domestically produced oral remedy for COVID-19.
CEO Isao Teshirogi stated that the drug — seen as the most important of heavy bets by Shionogi on pandemic-related remedies — may very well be permitted in South Korea and China as early as subsequent month.
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