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Approval for Anti-inflammatory drug of Glenmark Pharmaceuticals

USFDA has granted final approval to Glenmark Pharmaceuticals for its generic version of anti-inflammatory drug Indomethacin tablet.

The dosage of Indomethacin Tablet for which Glenmark Pharmaceuticals received USFDA approval is extended release capsule of 75 mg strength. The innovator company Iroko Pharmaceuticals LLC has product in the brand name of Indocin SR Extended Release Capsule 75 mg.

The annual sales of Indocin SR Extended-Release capsule is estimated to be approximately USD 6.3 million.

With this approval, Glenmark’s current portfolio reaches upto 118 products authorised for distribution in the US with over 67 ANDAs pending approvals.

The news led to a marginal increase in share price and the Shares of Glenmark Pharmaceuticals were trading at Rs 627.65 apiece on BSE.


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