Daewoong Pharmaceutical Launches Botulinum Toxin 'Nabota' in Germany and Austria

Local Product Name 'Nusiba'
Second Largest in the European Union Released in Germany

Daewoong Pharmaceutical announced on the 28th that its botulinum toxin (BTX) product 'Nusiba' (domestic product name Nabota) has been officially launched in Germany and Austria through Evolus, its partner for advanced countries' aesthetic indications.

Evolus, Daewoong Pharmaceutical's partner in the North American and European Union regions, is responsible for the distribution and marketing of Nusiba in Germany and Austria. Evolus has formed a strategic partnership with Novia, a local aesthetic medical distributor, to prepare for the local launch. They have been conducting product marketing activities targeting local medical professionals since mid-month.

According to the DRG data report, the BTX market in Germany is estimated to be worth 100 billion KRW this year. It is the second largest market within the European Union, where the annual market size reaches approximately 690 billion KRW. Since Germany is the most populous country in the European Union, Daewoong Pharmaceutical explains that this launch will be a crucial foothold for expanding Nusiba's market share within the region.

Park Sung-soo, Vice President of Daewoong Pharmaceutical, stated, "Following the launch in the UK, the largest market in the region, the release in Germany and Austria further strengthens Nusiba's brand awareness and position within the European Union market." He added, "We expect Nusiba to showcase the excellent product quality of K-bio and K-toxin in the European Union, the world's second largest toxin market."

Nabota, the BTX formulation developed and manufactured by Daewoong Pharmaceutical, is the only product in Korea and Asia to have obtained approval from the U.S. Food and Drug Administration (FDA). As of February 2023, it has received product approval in over 60 countries and signed export contracts with more than 80 countries.

This content was produced with the assistance of AI translation services.