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Company news: Alembic Pharmaceuticals

| Updated on October 24, 2019

Alembic Pharmaceuticals’s joint venture Aleor Dermaceuticals has received an approval from the US Food & Drug Administration for its Abbreviated New Drug Application Desonide ointment, 0.05%. The approved ANDA is therapeutically equivalent to Perrigo New York, Inc’s ointment. The drug is a low-potency corticosteroid indicated for the relief of inflammatory and pruritic manifestations of corticosteroid responsive dermatoses. The ointment has an estimated market size of $13 million in calendar 2018, according to IQVIA. Shares of Alembic closed 1.8 per cent higher at ₹546.95 on the BSE.

Published on October 24, 2019

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