Korean botulinum toxin will conquer the European market
Korean botulinum toxin will conquer the European market
  • Cho Eun, Reporter
  • 승인 2024.06.20 17:06
  • 수정 2024.06.20 17:06
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Daewoong Pharmaceutical "Nusiva Landing in Spain...Expanding 5 European Countries"

Daewoong Pharmaceutical announced the entry of its own botulinum toxin preparation into Spain through its partner Evolus on the 19th.

The product name to be sold in Europe is 'Nushiva'.

As a result, Daewoong Pharmaceutical's botulinum toxin has expanded its scope to a total of five countries, including the UK, Germany, Austria, and Italy, which are major European markets.

Europe is the second largest botulinum toxin market after the United States, according to global market research firm Fortune Business Insights (FBI).

Spain is one of the leading aesthetic markets in Europe. Five countries in the European market, including Spain, the UK, Germany, Italy, and Austria, account for about 70% of the total market.

"We have started operating directly in Spain, one of Europe's largest beauty markets, to expand our business to markets around the world, including Europe," said David Moatajedi, CEO of Evolus. "We will continue to grow in the field of beauty toxin through Nusiva's successful settlement in Spain."

"We expect that Nusiva's influence in Europe will expand in earnest as it enters the Spanish market, which has great growth potential," said Park Sung-soo, president of Daewoong Pharmaceutical. "We plan to continue expanding our overseas expansion, with additional overseas markets such as Ireland and Australia scheduled to enter by the end of the year."

[WIKI KOREA=Cho Eun, Reporter]

choeun@wikileaks-kr.org

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