New Delhi: Drug firm Glenmark Pharmaceuticals Ltd on Monday said it has received final approval from the United States Food and Drug Administration (USFDA) for its generic version of Fenofibrate capsules used for lowering cholesterol.
The company has been granted final approval by the USFDA for Fenofibrate Capsules USP 67 mg, 134 mg and 200 mg, Glenmark Pharmaceuticals said in a statement.
The company’s product is the generic version of Tricor Micronized capsules, 67 mg, 134 mg, and 200 mg of AbbVie Inc, it added. Citing IMS Health February 2017, Glenmark said the Tricor Micronized capsules had annual sales of approximately $97.5 million.
The stock was trading at Rs869.20, up 0.74% on the Bombay Stock Exchange (BSE).