In a move that may have lasting reverberations in Pakistan’s pharmaceutical industry, Ferozons’ Laboratories’ subsidiary BF Biosciences has successfully launched its first human insulin drug under the brand name Ferulin. This drug is the first biosimilar to be launched in Pakistan that addresses diabetes, one of the most prevalent diseases in Pakistan.
Human insulin is a synthetic form of insulin produced in laboratories to mimic the natural insulin produced by the human body. It is used primarily to manage blood sugar levels in individuals with diabetes, particularly those with type 1 diabetes or advanced type 2 diabetes who do not produce sufficient insulin naturally.
Human insulin was developed in the 1960s and 1970s and was approved for pharmaceutical use in 1982. Before its development, insulin was typically derived from animal sources, such as pigs.
The primary advantage of human insulin over insulin analogs is cost, as it tends to be less expensive. However, human insulin may have a slower onset of action compared to some insulin analogs, which have been genetically modified to act more predictably and rapidly.
The introduction of Ferulin comes at a crucial time. Diabetes has become a pervasive health issue in Pakistan, with a staggering prevalence rate of 26.3% as of 2017. Ferozsons estimates that the number of adults living with diabetes in Pakistan has surged to 33 million in 2023, an astonishing 70% increase since 2019. This dramatic rise positions Pakistan as the world’s third-highest country in diabetes prevalence. The content in this publication is expensive to produce. But unlike other journalistic outfits, business publications have to cover the very organizations that directly give them advertisements. Hence, this large source of revenue, which is the lifeblood of other media houses, is severely compromised on account of Profit’s no-compromise policy when it comes to our reporting. No wonder, Profit has lost multiple ad deals, worth tens of millions of rupees, due to stories that held big businesses to account. Hence, for our work to continue unfettered, it must be supported by discerning readers who know the value of quality business journalism, not just for the economy but for the society as a whole.To read the full article, subscribe and support independent business journalism in Pakistan
