#Natco Pharma seeks #USFDA Approval for #Hepatitis Drug
Bafna Pharma receives Ghana FDA approval for diabetic drug metformin
| The Chennai based Bafna Pharmaceuticals, engaged in the business of manufacturing of pharmaceutical formulations of betalactum and non–betalactum, has received approval from Ghana Food and Drug Administration (FDA) for metformin tablets 500mg, a drug used by the diabetic patients. |
| This is the 8th formulation approval received from Ghana FDA for a product by Bafna Pharmaceuticals. Recently Bafna Pharma had received the Australian Therapeutic Goods Administration (TGA) approval on manufacturing of both prescription and non-prescription products in the Australian market. |
| Metformin is an oral anti-diabetic drug in the biguanide class. It is the first-line drug of choice for the treatment of type 2 diabetes, particularly in overweight and obese people and those with normal kidney function. Evidence is also mounting for its efficacy in gestational diabetes. It is also used in the treatment of polycystic ovary syndrome and has been investigated for other diseases where insulin resistance may be an important factor. |
Mylan: generic blood pressure drugs approved
Mylan Inc. said Friday it received approval to start selling generic versions of Merck and Co.'s blood pressure drugs Cozaar and Hyzaar.
The drugmaker from Canonsburg, Pa., has now received marketing approval for several doses of the drugs, but it was not able to sell them until this month. Its competitor Teva Pharmaceutical Industries Ltd. was the first company to file for approval of generic versions of the drug, so other versions were barred from the market for six months. Teva received FDA clearance in April.
The newly approved versions of the drug are ready for shipping immediately, Mylan said.
Combined, Cozaar and Hyzaar were Merck's second best selling product. Mylan said U.S. sales of Cozaar totaled $940 million over the 12 months ended June 30, while Hyzaar sales totaled $570 million. Merck's sales fell by almost half after Teva started selling its generics.
Mylan shares rose 2 cents to $18.96 in morning trading Friday.
WHO applauds Varichem Pharmaceuticals
Additional products submitted by companies in Kenya and Tanzania, and Varichem in Zimbabwe, are currently being evaluated by PQP. WHO said this was a first for Zimbabwe. PQP regularly organises training and technical assistance relating to medicines quality, safety and efficacy in Africa. This most recent prequalification indicates that they are effective.
The vision for the WHO programme is to provide good quality medicines for everyone. The mission of the Prequalification Programme is to make quality priority medicines available for the benefit of those in need in close cooperation with national regulatory agencies and partner organisations. This is achieved through its evaluation and inspection activities, and by building national capacity for sustainable manufacturing and monitoring of quality medicines.
It among others comprehensively evaluate the quality, safety and efficacy of medicinal products, based on information submitted by the manufacturers, and inspection of the corresponding manufacturing and clinical sites.
Key output
The list of prequalified medicinal products used for HIV/AIDS, malaria, tuberculosis and for reproductive health produced by the programme is used principally by United Nations agencies including UNAIDS and UNICEF to guide their procurement decisions. But, the list has become a vital tool for any agency or organisation involved in bulk purchasing of medicines, be this at country level, or at international level, as demonstrated by the Global Fund to Fight AIDS, Tuberculosis and Malaria.
Varichem was considered among other companies in Netherlands and India.
“It is Varichem’s culture to pioneer new products into the market. We are the first African Pharmaceutical company to manufacture ARVs,” said the company on its website. “We are also in the process of getting our plant and products World Health Organisation (WHO) prequalified as we endeavour to consolidate our plant and product quality position in order to access the Global Funds market.”
Varichem Pharmaceuticals is a wholly Zimbabwean, privately owned company established in 1985. Varichem manufactures and markets a wide range of quality generic pharmaceuticals and related products. Varichem was born in 1985 out of the awareness of the acute, sometimes critical, need for reliable cost effective health care products often seriously lacking in the delivery of medical care in Zimbabwe, a country which had been dominated by the heavy weight pharmaceutical multinationals. The entrance of Varichem into the health care business signaled a new era in the whole pharmaceutical market by changing the rules of the game.
Besides fulfilling local demand, it has established very good business relationships with regional buyers. Now we are exporting our generic pharmaceuticals to Malawi, Botswana, South Africa, Namibia, Lesotho and Swaziland. From a humble export figure, our exports have increased many folds over the past five years and this indicates growing confidence of our regional customers on our products.
Sun gets USFDA nod for generic heart disease drug
Drug maker Sun Pharma today said it has received a tentative approval from US health regulator to sell a generic version of Crestor tablets, used in the treatment of various heart diseases, in the American market.
The company's US subsidiary has bagged a tentative approval for its abbreviated new drug application (ANDA) to market a generic version of IPR Pharmaceutical's Crestor tablets in strengths of 5 mg, 10 mg, 20 mg and 40 mg, Sun Pharma said in a statement.
Crestor has annual sales of nearly $3.4 billion in the US market. The generic Rosuvastatin tablets contain Rosuvastatin Calcium in strengths of 5 mg, 10 mg, 20 mg and 40 mg, it said.
The tablets are indicated in patients suffering with heart diseases like pertriglyceridemia and patients with homozygous familial hypercholesterolemia.
Shares of Sun Pharmaceutical Industries today closed at Rs 2,002.15 on the Bombay Stock Exchange, up 1.71 per cent from its previous close.
K-V Pharmaceutical Enters Loan Agreement In Wake Of FDA Approval
Class A shares were up 3.5% at $2.47 in recent trading. The stock has dropped 33% this year.
K-V had stopped manufacturing and shipping all of its products in early 2009 and recalled most already on the market as it dealt with an FDA investigation into compliance matters and management misconduct, among other issues.
But the company said last week it received FDA permission to return potassium supplement Micro-K to market following successful inspection of its facilities. It hadn't expected to be able to ship any product before the fourth quarter.
The loan agreement, which expires Jan. 31, 2011, calls for a 16.5% annual interest rate. K-V also has agreed to an exclusive two-week negotiating period with the lender over an expanded, longer-term financing pact. The party was identified in a Tuesday statement from K-V as U.S. Healthcare I LLC and U.S. Healthcare II LLC.
Read more: http://www.nasdaq.com/aspx/stock-market-news-story.aspx?storyid=201009141014dowjonesdjonline000198&title=k-v-pharmaceutical-enters-loan-agreement-in-wake-of-fda-approval#ixzz0zZtJXlXn
Troikaa Pharma gets patent approval for Dynapar AQ in CIS
Commonwealth of Independent States or CIS countries include Ukraine, Kazakhastan, Belarus, Uzbekistan, Turkmenistan, Kyrgystan, Russia among others.
“The CIS block is a significant market for us and we expect huge demand for Dynapar AQ in these countries,” said Ketan Patel, managing director, Troikaa Pharma, adding that he is eying a 25 per cent market share in all the new markets that it enters with this product.
Troikaa was granted patent for Dynapar AQ in Australia last year, which was the first one among regulated markets, and subsequently it had also entered the African countries. “We are also expecting patent approvals in the United States, EU and Canada within the next few weeks. The company has spent about Rs 3 crore on this endeavour but will reap manifold dividends in return.”
Diclofenac injections are used for management of painful inflammatory conditions. Dynapar AQ is a unique high concentration, low viscosity injection of diclofenac sodium delivering the full therapeutic dose of diclofenac in just one millilitre injection volume. It is the only diclofenac injection available in PFS (pre-filled syringe) form.
Compared to conventional diclofenac injections, Dynapar AQ causes negligible pain and can be injected in the upper arm, unlike the conventional one injected in the buttocks. Dynapar AQ Injection is ranked second in the highly competitive diclofenac injections category on ORG-IMS and slated to become the top brand by mid-2010.
The company holds patented technology platforms for various Novel Drug Delivery Systems, Intra-oral, Oral, Parenteral, Sustain Release & Topical for diclofenac. The company sought global protection for its product by filing a Patent Cooperation Treaty(PCT) application with the World Intellectual Property Organisation (WTPO). Subsequently, the company filed for global patents in 99 countries, which included regulated as well as non-regulated countries.
“Leaving the US and the EU apart, in all the other countries the landed cost of diclofenac injections is around three to five cents while it sells at around $2 for a single dose. We can easily garner a huge market share by positioning our product in a lower price bracket,” said an upbeat Patel. It enjoys a 40 per cent market share in Diclofenac injections in India and hopes to take it up to 60 per cent within this fiscal.
There is huge opportunity in the US that currently uses Kitorolac in place of Diclofenac, Patel felt while adding that exact market size estimates were not available. The company’s exports have steadily risen from 18 per cent of its turnover in 2008-09 to around 25 per cent of turnover in 2009-10. It registered revenues over Rs 145 crore in 2009-10 and aims to record a 40 per cent growth in turnover in 2010-11.
It has manufacturing facilities located in Ahmedabad and Dehradun (Uttaranchal). The Ahmedabad facility located at Thol, an industrial area 25 kilometers from the city and manufactures critical care injectables, tablets and topical preparations.
Buoyed by the demand for its injectable Dynapar AQ, for which it has been granted patent in around 40 countries so far, the company now plans to shift part production of Dynapar AQ to its upcoming Sanand facility from Dehradun.
FDA approves 5-day 'morning-after' pill
Watson's Morning-After Pill Wins U.S. FDA Approval
Watson Pharmaceuticals Inc. and HRA Pharma won U.S. approval for an emergency contraceptive that women can take up to five days after sex and will compete with Teva Pharmaceutical Industries Ltd.’s Plan B morning-after pill.
Watson will start selling the pill, to be called Ella, in the final three months of this year, the Corona, California- based company said today in a statement. The drug will be dispensed as a single dose and requires a prescription. Teva’s Plan B, which works for as much as 72 hours after unprotected sex, is available without a prescription
Approval of Ella raises concerns about taxpayer funding of abortions since currently the U.S. government will pay for emergency contraception, but not abortion pills,” for women ages 17 and older.
Glenmark unit gets USFDA nod for clotrimazole cream
Teva Pharmaceutical receives European OK for Ratiopharm acquisition, expects to close deal
INDIANAPOLIS - Generic drugmaker Teva Pharmaceutical Industries Ltd. said Tuesday it received European Commission approval to proceed with its acquisition of German drugmaker Ratiopharm and expects to close the transaction soon.
The Israeli company said in March it agreed to buy the company for $5 billion in a deal intended to boost sales in Europe.
U.S.-traded shares of Teva fell 9 cents to $50.13 in Tuesday afternoon trading.
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