Healthcare Industry News: Actavis
News Release - September 6, 2006
Actavis Launches Pilocarpine Tablets 7.5mg in the U.S.CRANFORD, N.J., Sept. 6 (HSMN NewsFeed) -. Actavis U.S., the United States manufacturing and marketing division of the international generic pharmaceutical company Actavis Group (ICEX: ACT), announced today that it has begun shipping Pilocarpine Hydrochloride 7.5mg tablets to complement Pilocarpine 5mg tablets that the company currently offers. Pilocarpine Tablets are used to treat dryness of the mouth and throat caused by a decrease in the amount of saliva that may occur after radiation treatment for cancer of the head and neck or in patients with Sjogren's syndrome.
Pilocarpine Tablets 7.5mg is the authorized generic of MGI Pharma's SalagenŽ 7.5mg tablets, which are produced by brand company and marketed under the Actavis label.
Annual brand sales of Pilocarpine Tablets 7.5 mg in the U.S. were approximately US$2.2 million for the twelve months ending June 2006 according to IMS Health.
Celebrating its 50th anniversary this year, Actavis is one of the world's leading generic pharmaceutical companies specializing in the development, manufacture and sale of generic pharmaceuticals. Based in Iceland, the company has operations in over 30 countries, with over 10,000 employees. The company's market cap is approximately EUR2.3bn (US$3 billion) and it's listed in the Iceland Stock Exchange. Actavis expects 2006 sales to total EUR1.4bn, with approximately one-third of these sales coming from the United States, the company's single largest market. In the U.S. alone, the company expects to launch 15 new products in 2006, in addition to filing 30 ANDAs. The company's U.S. operations are located in New Jersey, Maryland and North Carolina.
More information about Actavis can be found at http://www.actavis.com.
Information in this press release may contain forward-looking statements with respect to the financial condition, results of operations and businesses of Actavis. By their nature, forward-looking statements and forecasts involve risk and uncertainty because they relate to events and depend on circumstances that will occur in the future. There are a number of factors that could cause actual results and developments to differ materially from that expressed or implied by these forward-looking statements. These factors include, among other things, exchange rate fluctuations, the risk that research and development will not yield new products that achieve commercial success, the impact of competition, price controls and price reductions, the risk of loss or expiration of patents or trade marks, difficulties of obtaining and maintaining governmental approvals for products, the risk of substantial product liability claims, exposure to environmental liability.
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