Glenmark Pharmaceuticals Ltd said its unit Glenmark Generics received abbreviated new drug application (ANDA) approval from the US Food and Drug Administration (USFDA) to sell Ciotrimazole cream USP 1% in that country.
Clotrimazole is used for the topical treatment of candidiasis due to Candida albicans and tinea versicolor. According to IMS Health, the product achieved annual sales of $26 million for the 12 months ending March 2010, the company said in a release to the Bombay Stock Exchange (BSE).
On Thursday, Glenmark shares rose 0.6% to Rs266 on the BSE, while the benchmark Sensex closed 0.2% down at 18,172 points.
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