| Compound
Metformin Hydrochloride Tablets, a
new kind of medicine, is II type medicine
for diabetes. The features of this
medicine are: the two components of
the preparation itself are the most
widely used peroral hypoglycemic agent
at present, and along with diet and
exercise, it was approved by U.S.A
FDA in 2000 as the initial medicine
of II type medicine for diabetes and
it was also approved to be used for
the treatment that took sulfonylurea
medicine as well as had diet and exercise
treatment at one time. For the diabetics
whose blood sugar level is not controlled
properly yet, taking both of the two
components can improve II type diabetics’
blood sugar. It is claimed that the
medicine represents a new treatment
for type II diabetes, which is expected
to change the treatment case for diabetics.
It is proven by the clinical trials
that compared with two simple recipe
preparations, this product has stronger
hypoglycemic function.
Statistics
by State Ministry of Health that the
total number of diagnosed diabetics
in our country is over 40 million
while 70 million “Impaired Glucose
Tolerance” group of potential diabetics.
With the living standard increasingly
enhanced, the attack rate of diabetes
is increasing as well. Our country
is facing the threat of the outbreak
of diabetes and the attack rate will
break through 10%. Followed cardiovascular
diseases and cancer, diabetes now
is the third killer to human beings.
In year 2001, the market sale of diabetes
medicine was about RMB6 billion with
stable upward trend and the annual
average growth rate is above 25%.
Since this product has more visible
curative effect when compared with
the simple compound metformin hydrochloride
tablets and glibenclamide tablets
sold on the market and can be accepted
by diabetics with medium-low price,
it is easy to occupy certain market
share. It is predicted that within
2-3 years, the product can occupy
the market share of RMB2 billion.
It is reported that there are only
7-8 domestic pharmaceutical factories
authorized to register for the new
medicine, so the competitive power
is correspondingly small. The potential
adversary is repaglinide. However,
the price of repaglinide is higher,
which cannot be accepted by quite
a number of diabetics. After put into
production, the scale of this medicine
will be 100 million tablets per year.
Calculating the sales amount by 80%
of the production scale that occupies
2% market share, it is predicted that
the sales amount can reach RMB40 million,
and the profit will be RMB8 million
counted by profit margin of 20%.
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