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Glenmark receives consent for contraceptive drug from USFDA

Glenmark Pharmaceuticals has received final approval from the US health regulator, for a generic version of Loestrin tablets, which is used to prevent pregnancy.

In a BSE filing Glenmark stated, “Glenmark Pharmaceuticals USA has been granted final approval by the US Food and Drug Administration (USFDA) for Hailey Fe 1/20 (Norethindrone Acetate and Ethinyl Estradiol tablets USP, 1 mg/20 mcg and Ferrous Fumarate tablets), the generic version of Loestrin 1/20 Fe tablets, of Allergan Pharmaceuticals.”

Further, the company currently has a portfolio of 129 products authorized for distribution in US market and 58 Abbreviated New Drug Applications (ANDA) pending for approval with the USFDA.

Read EquityPandit’s Technical Analysis of Nifty Pharma Outlook For The Week

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