ibnlive » Business

Ranbaxy to sell generic anti-depression drug in US

IANS
Mar 06, 2013 at 01:55pm IST

Washington: The US arm of Indian drug major Ranbaxy Laboratories has entered into an in-licensing agreement with Alembic Pharmaceuticals Limited to exclusively market the generic version of Pfizer Inc.'s anti-depression drug Pristiq in the US.

Jacksonville, Florida, base Ranbaxy Pharmaceuticals Inc (RPI) announced on Tuesday that Alembic manufactured Desvenlafaxine is a bioequivalent version of Pristiq with a market size of $590 million.

India based research and development pharmaceutical company, Alembic has received the final approval from the US Food and Drug Administration (USFDA) and Ranbaxy expects the product to be available in the US marketplace during the first quarter of 2013, it said in a media release.

Ranbaxy to sell generic anti-depression drug in US

Ranbaxy expects the product to be available in the US marketplace during the first quarter of 2013.

Commenting on the development, Bill Winter, vice president, Ranbaxy trade sales and distribution, North America said, "Ranbaxy is pleased to partner with Alembic to offer a safe, effective, affordable generic alternative to the brand formulation much ahead of the patent expiration.

"We are committed to expand our portfolio of products offered in the US market for the benefit of patients, prescribers and the US healthcare system," he said.

Latest

More from this section

PREVIOUS  AirAsia's proposal to set up airline with Tata gets approval

NEXT  Tribunal to hear appeal by Sahara's Subrata Roy