Sunshine Biopharma Launches Generic Gabapentin for Neuropathic Pain in the Canadian Segment of the Global $1.92 Billion Market

Rhea-AI Summary

Sunshine Biopharma (NASDAQ:SBFM) announced that its Canadian subsidiary, Nora Pharma Inc., has launched generic Gabapentin, an anticonvulsant medication for treating neuropathic pain and epilepsy. The drug, available in 100mg, 300mg, and 400mg capsules, is a generic version of Neurontin®. The global Gabapentin market, valued at $1.92 billion in 2024, is projected to reach $3.07 billion by 2030, driven by increasing neurological disorders, expanding applications, shift from opioids, and aging population. Canada represents 1.2% of the global Gabapentin market. The company aims to strengthen its position in Canada's generic drugs market, which is expected to grow from $9.4 billion to $19.2 billion by 2032.

Positive

• Launch of generic Gabapentin expands company's product portfolio in the growing $1.92B global market
• Strategic entry into Canada's generic drug market, projected to grow from $9.4B to $19.2B by 2032
• Multiple dosage options (100mg, 300mg, 400mg) available in capsule format, targeting broader market including children and elderly
• Product addresses growing demand driven by neurological disorders and shift away from opioids

Negative

• Canadian market represents only 1.2% of global Gabapentin market
• Faces competition in generic drug market with established players
• Success dependent on market penetration and adoption rates

Insights

Pharmaceutical Industry Analyst

Sunshine launches generic Gabapentin in Canada, tapping into growing $1.92B global market with favorable demographic trends.

Sunshine Biopharma's subsidiary Nora Pharma has strategically expanded its product portfolio by launching generic Gabapentin in the Canadian market. This anticonvulsant medication, available in 100mg, 300mg, and 400mg strengths, targets neuropathic pain and epilepsy treatment in a global market valued at $1.92 billion that's projected to reach $3.07 billion by 2030.

The company's decision to offer Gabapentin in capsule format specifically addresses ease-of-administration concerns for vulnerable populations including children and elderly patients, potentially optimizing market acceptance. This format choice aligns with current market preferences, as capsules are identified as the market-leading delivery method.

Several growth drivers support the Gabapentin market expansion, including increasing neurological disorder prevalence, expanding applications beyond traditional uses, shifts away from opioid-based pain management, and demographic trends favoring an aging population more susceptible to chronic pain conditions.

While Canada represents just 1.2% of the global Gabapentin market, this launch fits into Sunshine's broader strategy to strengthen its position in Canada's generic pharmaceutical landscape. The Canadian generic drug market, currently valued at $9.4 billion, is projected to reach $19.2 billion by 2032 according to the company's CEO.

This product introduction complements Sunshine Biopharma's existing operations through its wholly owned Canadian subsidiary, potentially creating operational synergies while expanding their addressable market in neurological treatment categories. The launch represents a concrete step in executing their stated strategy of expanding their presence in Canada's growing generic pharmaceutical sector.

FORT LAUDERDALE, FL / ACCESS Newswire / June 11, 2025 / Sunshine Biopharma Inc. (NASDAQ:SBFM) (the "Company"), a pharmaceutical company offering and researching life-saving medicines in a variety of therapeutic areas including oncology and antivirals today announced that its wholly owned Canadian subsidiary, Nora Pharma Inc., has launched Gabapentin, a new generic prescription drug in the therapeutic class of anticonvulsants.

Gabapentin is a generic version of Neurontin^®. Gabapentin is an anticonvulsant medication used to treat neuropathic pain and epilepsy. It is also used for the treatment of pain caused by diabetic neuropathy, central pain, and postherpetic neuralgia (a painful condition that can occur after a shingles outbreak). Nora Pharma's Gabapentin is available in strengths of 100 mg, 300 mg, and 400 mg and comes in bottles of 500 capsules. Nora Pharma elected to supply its Gabapentin in capsule format which is the market leader owing to their ease of administration, including in children and the elderly.

Gabapentin acts by decreasing the activity of the voltage-dependent calcium channel protein, alpha-2/delta-1. By binding to alpha-2/delta-1, Gabapentin lowers the release of excitatory neurotransmitters and as a result, reduces excess excitation of the neuronal networks in the brain and spinal cord.

According to GlobeNewswire, the global Gabapentin market was valued at $1.92 billion in 2024 and is projected to reach $3.07 billion by 2030. The growth in market size for Gabapentin is driven by (i) increasing prevalence of neurological disorders, (ii) expanding applications beyond neuropathic pain and epilepsy, (iii) shift away from the use of opioids for pain management, and (iv) aging population where individuals are more prone to having chronic pain and neurological disorders.

Canada represents approximately 1.2% of the global pharmaceutical market for Gabapentin. Despite its relatively small share, Canada is ranked as the eighth-largest pharmaceutical market in the world (Statista). Factors contributing to Canada's prominence in this sector include innovative pharmaceutical sector, aging population, and increasing healthcare expenditures.

"At Sunshine Biopharma, we are unwavering in our commitment to fortifying our presence in Canada's dynamic $9.4 billion generic drugs market, which is forecasted to nearly double to $19.2 billion by 2032," said Dr. Steve Slilaty, CEO of the Company. "By steadily expanding our product offerings, investing in research, and maintaining the highest standards of quality, we aim to make a meaningful difference in the lives of patients as we continue to shape the future of affordable medicine."

About Sunshine Biopharma Inc.

Sunshine Biopharma currently has 71 generic prescription drugs on the market in Canada and more than 12 additional drugs planned to be launched in the remainder of 2025. Among the new drugs to be launched is NIOPEG®, a biosimilar of NEULASTA®. Like NEULASTA®, NIOPEG® is a long-acting form of recombinant human granulocyte colony-stimulating factor (filgrastim). It is indicated to decrease the incidence of infection in patients with non-myeloid malignancies receiving anti-neoplastic therapy. In addition, Sunshine Biopharma is conducting a proprietary drug development program which is comprised of (i) K1.1 mRNA, an mRNA-Lipid Nanoparticle targeted for liver cancer, and (ii) PLpro protease inhibitor, a small molecule for treatment of SARS Coronavirus infections. For more information, please visit: www.sunshinebiopharma.com.

All registered trademarks are the property of their respective owners.

Safe Harbor Forward-Looking Statements

This press release contains forward-looking statements which are based on current expectations, forecasts, and assumptions of Sunshine Biopharma Inc. (the "Company") that involve risks as well as uncertainties that could cause actual outcomes and results to differ materially from those anticipated or expected. These statements appear in this release and include all statements that are not statements of historical fact regarding the intent, belief or current expectations of the Company, including statements related to the Company's drug development activities, financial performance, and future growth. These risks and uncertainties are further described in filings and reports by the Company with the U.S. Securities and Exchange Commission (SEC). Actual results and the timing of certain events could differ materially from those projected in or contemplated by the forward-looking statements due to a number of factors detailed from time to time in the Company's filings with the SEC. Reference is hereby made to cautionary statements and risk factors set forth in the Company's most recent SEC filings.

For more information, please contact:

Camille Sebaaly, CFO
Direct Line: 514-814-0464
camille.sebaaly@sunshinebiopharma.com

SOURCE: Sunshine Biopharma Inc.

View the original press release on ACCESS Newswire

FAQ

What is the market size for Gabapentin and its growth potential?

The global Gabapentin market was valued at $1.92 billion in 2024 and is projected to reach $3.07 billion by 2030.

What dosage strengths is SBFM's Gabapentin available in?

Sunshine Biopharma's Gabapentin is available in strengths of 100mg, 300mg, and 400mg in bottles of 500 capsules.

What conditions does SBFM's Gabapentin treat?

The drug treats neuropathic pain, epilepsy, diabetic neuropathy, central pain, and postherpetic neuralgia (pain after shingles).

How large is Canada's generic drugs market where SBFM operates?

Canada's generic drugs market is currently $9.4 billion and is forecasted to grow to $19.2 billion by 2032.

What is driving the growth in the Gabapentin market?

Growth is driven by increasing neurological disorders, expanding applications, shift from opioids for pain management, and aging population.