The product is currently in late stage development and, according to Arthur Bedrosian, chief executive officer of Lannett, Yichang has developed a proprietary process for manufacturing the insulin protein. The company also plans to build a dedicated facility for the manufacture of the insulin product for multiple markets around the world.

Lannett will manage the remaining clinical and regulatory steps specific for a US Food and Drug Administration (FDA) license to market. Lannett has the exclusive US marketing rights to the product. According to IMS, total US sales of insulin products were more than US$21 billion for the 12 months ending August 2015.

Lannett is currently collaborating with the HEC group on five projects, which include the development of certain products and a distribution agreement.

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