Lupin Pharmaceuticals Inc has received the US health regulator’s nod to market generic levofloxacin tablets, used for the treatment of bacterial infections
Drug firm Lupin today said its US subsidiary, Lupin Pharmaceuticals Inc, has received the US health regulator’s nod to market generic levofloxacin tablets, used for the treatment of bacterial infections, in the American market.
The United States Food and Drug Administration (USFDA) has granted final approval for the company’s abbreviated new drug application (ANDA) to market a generic version of levofloxacin tablets, Lupin Ltd said in a statement.
Levofloxacin is marketed under the brand name Levaquin by Ortho McNeil (Johnson & Johnson) in the US market.
“Levaquin tablets had annual sales of approximately $1.6 billion for the twelve months ended March 2011, based on IMS Health sales data,” Lupin said.
The company’s levofloxacin tablets in the strengths of 250 mg, 500 mg and 750 mg are the generic equivalent of Levaquin tablets in the same strengths, it added.
Levofloxacin is used for treating a broad spectrum of bacterial infections.
On Wednesday, Lupin ended 2.29% down at Rs425.05 on the Bombay Stock Exchange, while the benchmark Sensex declined 0.06% to 17,550.63.
Bob Myers succeeds A Gururaj, who assumes the role of president and chief revenue officer
Language services provider Valuepoint Knowledgeworks said that it has appointed Bob Myers as the chief executive officer (CEO) of the organisation. Bob succeeds A Gururaj, who assumes the role of president and chief revenue officer.
Headquartered in Bangalore, Knowledgeworks looks to expand their global market share by focusing their expertise on translation and multimedia services for Indian and Asian languages. This strategic move is designed to leverage the exploding demand for language and localisation services in the region as well as take advantage of the company’s Indian delivery platform.
A specialist in creating profitable growth businesses based on innovative business models, Bob has more than 20 years of experience in the language industry. In the ‘90s Bob founded pioneering Japanese localisation company Pacifitech, which he then sold to Bowne Global Solutions, where he was responsible for the localisation business worldwide. He has advised many language solutions providers on growth strategies and most recently served as COO at localisation company Moravia IT.
The facility allows customers to manage multiple accounts, check valuations, compare benchmarks and update their profile
Fidelity Mutual Fund said that it has expanded its online service offering by allowing Visa debit card holders of 27 banks to purchase Fidelity funds through Fidelity Online (www.fidelity.co.in). This facility in India has been enabled through the BillDesk platform. The Visa Debit Card payment facility is in addition to the existing Internet banking facility which is offered to customers of about 39 banks in India.
The facility allows customers to manage multiple accounts, check valuations, compare benchmarks and update their profile. Fidelity Online also has a comprehensive learning centre that offers insights on investing.