Glenmark Gets USFDA Nod For Generic Diabetes Treatment Drug

Friday, 29 May 2015, 11:05 Hrs
cmt right
Comment Right
cmt right
cmt right
Printer Print Email Email

BENGALURU: Glenmark Pharmaceuticals said it has received the final approval from U.S. health regulator for its generic version of desmopressin acetate tablets used in treatment of diabetes and bed-wetting.

The approval by the U.S. Food and Drug Administration is for strengths of 0.1 mg and 0.2 mg and the company plans to commence shipping the tablets to the US immediately, the pharma company said in a statement.

Desmopressin Acetate is sold under the trademark DDAVP by Ferring Pharmaceuticals. Citing IMS data, Glenmark said, "DDAVP market achieved annual sales of  approximately $72.1 million" in the 12 month period.

Glenmark's current portfolio consists of 97 productsauthorised for distribution in the U.S. and 68 abbreviated new drug approvals with the USFDA. Shares of Glenmark Pharmaceuticals were trading at 874.75 per scrip in afternoon trade, up 2.04 per cent from the previous close on the BSE.
Also Read:
High Job Potential Sectors To Be Opened Up For FDI: PM Modi
Renewable Energy Gains Momentum In India: U.S.

Source: PTI
Fossil Group sells smartwatch
Global watch and accessories maker Fossil Group has announced to sell its smartphone technolog..
GST rate cut to spur Bengaluru
The realty market in India's tech hub is set to grow as lower Goods and Services Tax (GST) rate..
Ola raises Rs 400 cr for electric
Leading ride-hailing cab aggregator Ola on Friday said it raised Rs 400 crore from its early in..
SpiceJet plans aggressive
Budget passenger carrier SpiceJet plans to aggressively expand its international networks to fl..