Sun Pharmaceutical Industries today said it had received approval from US health regulator to market generic Clarinex tablets and Tiazac capsules, used in treating nasal allergies and hypertension respectively in the American market.
The Mumbai-based firm has received approval from US Food and Drug Administration (USFDA) for its abbreviated new drug application (ANDA) to market a generic version of Schering Plough's Clarinex tablets, Sun Pharma said in a statement.
The company has received the approval for generic Clarinex tablets in the strength of 5mg. The tablets are indicated for allergic rhinitis or allergic inflammation of the nasal airways, it said.
Allergic Rhinitis occurs when an allergen such as pollen or dust is inhaled by an individual with a sensitised immune system and triggers antibody production.
Clarinex tablets (5mg) have annual sales of nearly $212 million in the US, it said.
The company has also received approval from USFDA for generic Tiazac capsules used for treating high blood pressure.
The generic capsules contain Diltiazem Hydrochloride extended release in strength of 120mg, 180 mg, 240mg, 300mg and 360mg and are therapeutically equivalent to Biovail Corporation's Tiazac capsules, it said.
The capsules are indicated for the treatment of heart diseases including hypertension and also chronic stable angina. Diltiazem Hydrochloride capsules have annual sales of nearly $46 million in the US.
On Thursday, Sun Pharma declined 0.80% to Rs2,286.50 on the Bombay Stock Exchange, while the benchmark Sensex closed 0.33% up at 19,930.64 points.
Water treatment player VA Tech Wabag has signed a contract with Indian Oil Corporation (IOC) for setting up an effluent treatment plant (ETP) at a cost of Rs250 crore, the company said today.
The contract with IOC has been signed recently for setting up an ETP facility at IOC's Paradip refinery besides a water-recycling plant, VA Tech said in a press statement.
The scope of the project includes design, engineering, supply, construction, erection, testing and commissioning of ETCP and recycling system on a turnkey basis, the company said.
On Thursday, VA Tech Wabag gained 0.74% to Rs1,660.70 on the Bombay Stock Exchange, while the benchmark Sensex closed 0.33% up at 19,930.64 points.
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