Business Daily from THE HINDU group of publications Sunday, May 20, 2007 ePaper |
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Corporate
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Regulatory Bodies & Rulings
Our Bureau
New Delhi May 19 Ranbaxy Laboratories has received tentative approval from the US Food and Drug Administration to manufacture and market the generic version of Sanofi-Aventis' anti-allergic drug, Allegra. The company said in a release that it had received tentative approval for 30 mg, 60 mg and 180 mg strengths of the Fexofenadine Hydrochloride tablets, used in the treatment of allergic rhinitis, or allergy symptoms caused by dust particles, or commonly known as hay fever when caused by pollen. According to the Gurgaon-based company, the total annual market sales for the drug is estimated at $931 million. "This product represents a future opportunity for Ranbaxy and will be launched following final approval from the FDA," said Mr Jim Meehan, Vice-President of Sales and Marketing for Ranbaxy Pharmaceuticals Inc, the wholly owned US subsidiary of the company.
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