Sun Pharma gets FDA approval for diabetes generic drug
Prandin, known chemically as repaglinide, and its combination with the commonly prescribed type 2 diabetes drug metformin, sold as PrandiMet, had sales of about USD 200 million in 2012 for Novo.
July 12, 2013 / 16:03 IST
Sun Pharmaceutical Industries said on Friday it has received final approval from the United States Food and Drug Administration (FDA) to launch the generic version of Novo Nordisk's Prandin diabetes drug.
Prandin, known chemically as repaglinide, and its combination with the commonly prescribed type 2 diabetes drug metformin, sold as PrandiMet, had sales of about USD 200 million in 2012 for Novo.Also Read: British drug regulator recalls India's Wockhardt medicinesSun Pharma said it would be eligible for a 180-day marketing exclusivity in the United States for the drug.A US appeals court last month found the patent on Novo's Prandin diabetes drug in combination with metformin to be invalid, paving the way for the introduction of a generic version of the drug. Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
