Healthcare Industry News: Mylan
News Release - December 31, 2007
Mylan Announces Final FDA Approval for Balsalazide Disodium CapsulesPITTSBURGH, Dec. 31 (HSMN NewsFeed) Mylan Inc. (NYSE: MYL ) today announced that Mylan Pharmaceuticals Inc. has received final approval from the U.S. Food and Drug Administration (FDA) for its Abbreviated New Drug Application (ANDA) for Balsalazide Disodium Capsules, 750 mg.
Balsalazide Disodium Capsules are the generic version of Salix Pharmaceuticals' ColazalŪ Capsules, which had U.S. sales of approximately $130.9 million for the 12 months ending Sept. 30, 2007.
This product will be shipped immediately.
Mylan Inc. is one of the world's leading quality generic and specialty pharmaceutical companies. The Company offers one of the industry's broadest and highest quality product portfolios, a robust product pipeline and a global commercial footprint through operations in more than 90 countries. Through its controlling interest in Matrix Laboratories Limited, Mylan has direct access to one of the largest active pharmaceutical ingredient (API) manufacturers in the world. Dey L.P., Mylan's fully integrated specialty business, provides the Company with innovative and diversified opportunities in the respiratory and allergy therapeutic areas.
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