{"id":17426,"date":"2023-04-05T02:44:00","date_gmt":"2023-04-05T02:44:00","guid":{"rendered":"https:\/\/www.prnasia.com\/story\/archive\/4062439_AE62439_0"},"modified":"2023-04-05T02:44:00","modified_gmt":"2023-04-05T02:44:00","slug":"luye-pharma-and-duopharma-reach-strategic-partnership-to-expand-accessibility-of-cholesterol-management-products-in-malaysia","status":"publish","type":"post","link":"https:\/\/transmediavictoria.net.au\/?p=17426","title":{"rendered":"Luye Pharma and Duopharma Reach Strategic Partnership to Expand Accessibility of Cholesterol Management Products in Malaysia"},"content":{"rendered":"<p><span class=\"legendSpanClass\"><span class=\"xn-location\">KUALA LUMPUR, Malaysia<\/span><\/span>, <span class=\"legendSpanClass\"><span class=\"xn-chron\">April 5, 2023<\/span><\/span> \/PRNewswire\/ &#8212; <span>Luye Pharma Group (Luye Pharma), an international pharmaceutical company dedicated to the R&amp;D, manufacturing and sale of innovative medications, today announced that it has entered an agreement with Duopharma Marketing Sdn Bhd, a wholly-owned subsidiary of Duopharma Biotech Berhad (Duopharma Biotech), which grants the latter exclusive marketing and distribution rights to a cholesterol management product in <span class=\"xn-location\">Malaysia<\/span>.<\/span><\/p>\n<div class=\"PRN_ImbeddedAssetReference\" id=\"DivAssetPlaceHolder6410\" readability=\"7\">\n<p><a href=\"https:\/\/mma.prnasia.com\/media2\/2048093\/Picture1.html\" target=\"_blank\" rel=\"nofollow noopener\"><img decoding=\"async\" src=\"https:\/\/mma.prnasia.com\/media2\/2048093\/Picture1.jpg?p=medium600\" title=\"Luye Pharma and Duopharma Biotech Strategic Partnership Signing Ceremony\" alt=\"Luye Pharma and Duopharma Biotech Strategic Partnership Signing Ceremony\"><\/a><br \/><span>Luye Pharma and Duopharma Biotech Strategic Partnership Signing Ceremony<\/span><\/p>\n<\/p><\/div>\n<p>Developed by Luye Pharma, the product is a traditional Chinese medicine made by using modern technology to ferment special red yeast rice, a natural alternative for cholesterol management.&nbsp;<\/p>\n<p>Through this partnership, Luye Pharma will be able to leverage Duopharma Biotech&#8217;s long-term expertise in the cardiovascular therapeutic field, both in terms of its excellent promotion in academic and extensive distribution network throughout clinics and hospitals, further expanding the accessibility of the product in <span class=\"xn-location\">Malaysia<\/span>. The two companies expect that the product will grow at a compound annual growth rate of double digits in the local market over the next 10 years.<\/p>\n<p><span class=\"xn-person\">Andy Siow<\/span>, APAC Regional Director of Luye Pharma (International) said: &#8220;The product&#8217;s efficacy has been widely recognized by doctors and patients over long-term clinical use in <span class=\"xn-location\">Malaysia<\/span>. The partnership with Duopharma Biotech will enable this highly trusted and naturally produced traditional Chinese medicine to reach more patients in need.&#8221;<\/p>\n<p>&#8220;This partnership and collaboration with Luye Pharma enables all patients in <span class=\"xn-location\">Malaysia<\/span> to have choices in the therapies and medications they need for their well-being<span id=\"spanHghlt28d8\">.<\/span>&#8221; said Leonard Ariff&nbsp;Abdul&nbsp;Shatar, Group&nbsp;Managing&nbsp;Director,&nbsp;Duopharma&nbsp;Biotech&nbsp;Berhad.<\/p>\n<p><b>About Luye Pharma Group <\/b><\/p>\n<p>Luye Pharma Group (Luye Pharma) is an international pharmaceutical company dedicated to the R&amp;D, manufacturing and sale of innovative medications. The company has established R&amp;D centers in <span class=\"xn-location\">China<\/span>, the U.S. and <span class=\"xn-location\">Europe<\/span>, with a robust pipeline of over 30 drug candidates in <span class=\"xn-location\">China<\/span> and more than 10 drug candidates in other international markets. Luye Pharma maintains high-level international standards in novel drug delivery technologies including microspheres, liposomes, and transdermal drug delivery systems. The company has also achieved multiple innovations in new chemical entities and antibodies, and is actively making strategic developments in the fields of cell therapies and gene therapies.<\/p>\n<p>Luye Pharma is developing a global supply chain of 8 manufacturing sites with over 30 production lines in total, establishing GMP quality management and international standard control systems. With more than 30 products covering the central nervous system, oncology, cardiovascular, metabolism and other therapeutic areas, business is conducted in over 80 countries and regions around the world, including the largest pharmaceutical markets &#8211; <span class=\"xn-location\">China<\/span>, the U.S., <span class=\"xn-location\">Europe<\/span> and <span class=\"xn-location\">Japan<\/span>, as well as in fast growing emerging markets.<\/p>\n<p>For more information, please visit: <a href=\"http:\/\/www.luye.cn\/lvye_en\" target=\"_blank\" rel=\"nofollow noopener\">www.luye.cn\/lvye_en<\/a><\/p>\n<p><b>About Duopharma Biotech Berhad<\/b><\/p>\n<p>Duopharma Biotech Group (&#8220;Duopharma Biotech&#8221; or &#8220;the Company&#8221;) began with the establishment of Duopharma (M) Sendirian Berhad in 1978. Duopharma Biotech was incorporated in 2000 and is today one of <span class=\"xn-location\">Malaysia&#8217;s<\/span> leading pharmaceutical companies listed on the Main Market of Bursa Malaysia Berhad. &nbsp;<\/p>\n<p>Duopharma Biotech has core competencies in the pharmaceutical industry inclusive of Manufacturing, Research &amp; Development and Commercialisation &amp; Marketing of over 300 generic drugs such as Crystorvas, Prelica and Omesec as well as Consumer Healthcare (&#8220;CHC&#8221;) products including CHAMPS<sup>\u00ae<\/sup>, FLAVETTES<sup>\u00ae<\/sup>, PROVITON<sup>\u00ae<\/sup> and Uphamol, which are well-recognised and accepted by consumers in <span class=\"xn-location\">Malaysia<\/span>, regionally and globally. The Company has also diversified into the biosimilars space with technology and commercialisation collaborations with credible and strong international partners. ERYSAA<sup>\u00ae<\/sup>, Basalog One<sup>\u00ae<\/sup>, and Zuhera are a few commercialised biosimilar brands.<\/p>\n<p>Headquartered in <span class=\"xn-location\">Kuala Lumpur, Malaysia<\/span>, Duopharma Biotech owns and operates three manufacturing plants in Klang, Bangi and Glenmarie, <span class=\"xn-location\">Selangor<\/span>. Duopharma Biotech also has subsidiary companies in <span class=\"xn-location\">the Philippines<\/span> and <span class=\"xn-location\">Singapore<\/span>. A subsidiary of Duopharma Biotech Berhad has a representative office in <span class=\"xn-location\">Jakarta, Indonesia<\/span>.<\/p>\n<p>Website:<a href=\"http:\/\/www.duopharmabiotech.com\/\" target=\"_blank\" rel=\"nofollow noopener\">&nbsp;www.duopharmabiotech.com <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>KUALA LUMPUR, Malaysia, April 5, 2023 \/PRNewswire\/ &#8212; Luye Pharma Group (Luye Pharma), an international pharmaceutical company dedicated to the R&amp;D, manufacturing and sale of innovative medications, today announced that it has entered an agreement with Duopharma Marketing Sdn Bhd, a wholly-owned subsidiary of Duopharma Biotech Berhad (Duopharma Biotech), which grants the latter exclusive marketing [&hellip;]<\/p>\n","protected":false},"author":8,"featured_media":17427,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[20],"tags":[],"class_list":["post-17426","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.9 - 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