Aurobindo Pharma has received final approval from USFDA to manufacture and market Esomeprazole Magnesium delayed release capsules, used in the treatment of gastroesophageal reflux disease, in the American market.
The company said the launch of the product is based on the settlement terms/litigation outcome with AstraZeneca.
“The company has received final approval from the US Food and Drug Administration (USFDA) to manufacture and market Esomeprazole Magnesium delayed release capsules USP, 20mg and 40 mg,” Aurobindo Pharma said in a BSE filing.
The approved abbreviated new drug application (ANDA) is bio equivalent and therapeutically equivalent to the reference listed drug product Nexium delayed release capsules USP, 20mg and 40 mg, of AstraZeneca Pharmaceuticals, it added.
“The approved product has an estimated market size of $4.2 billion for the 12 months ended February 2016, according to IMS,” it said.
Esomeprazole Magnesium delayed release capsules are the used in treatment of gastroesophageal reflux disease.
Aurobindo Pharma currently has 253 ANDA approvals — 217 final approvals including 10 from Aurolife Pharma LLC and 36 tentative — from the USFDA.
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.