Comments
Drug firm Glenmark Pharmaceuticals today said it has received the US health regulator’s approval to market Mupirocin Calcium Cream, used for treating skin diseases, in the American market.
Glenmark Generics Inc, a subsidiary of Glenmark Generics Ltd, has been granted a final abbreviated new drug approval from the United States Food and Drug Administration (USFDA) for Mupirocin Calcium Cream USP 2 per cent, Glenmark Pharmaceuticals said in a statement.
“Glenmark will commence shipping immediately,” it added.
Glenmark Generics Ltd (GGL) is a subsidiary of Glenmark Pharmaceuticals Ltd and has a global presence, including in North America.
Mupirocin Calcium Cream is indicated for the treatment of secondarily infected traumatic skin lesions (up to 10 cm in length or 100 cm2 in area) due to susceptible strains of S aureus and S pyogenes.
According to IMS health sales data for the 12-month period ending September 2012, the product generated sales of $56.5 million.
Shares of Glenmark Pharmaceuticals were trading at Rs 509 per share on the BSE in afternoon trade, down 0.79 per cent from their precious close.
Comments
COMMENT NOW
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.