Glenmark Pharma gets ANDA approval for Calcipotriene Cream

Glenmark will market this product upon receiving final approval of its Calcipotriene Cream, 0.005% ANDA.

May 04, 2015 03:05 IST India Infoline News Service

Glenmark Pharmaceuticals Inc., USA (Glenmark) has been granted tentative approval by the United States Food & Drug Administration (U.S. FDA) for Calcipotriene Cream, 0.005%, the therapeutic equivalent of Dovonex Topical Cream, 0.005% of Leo Pharma A/S. Glenmark will market this product upon receiving final approval of its Calcipotriene Cream, 0.005% ANDA. The patents listed in the Orange Book for Dovonex Cream are scheduled to expire on June 9, 2015.
Dovonex is indicated for the treatment of plaque psoriasis. According to IMS Health sales data for the 12 month period ending March 2015, the Dovonex market achieved annual sales of approximately USD 92.8 million.
Glenmark’s current portfolio consists of 97 products authorized for distribution in the U.S. marketplace and 67 ANDA’s pending approval with the U.S. FDA. In addition to these internal filings, Glenmark continues to identify and explore external development partnerships to supplement and accelerate the growth of its existing pipeline and portfolio.

At 9:31 AM, the stock were trading higher 1% at Rs. 900 on BSE today. The stock has hit a high of Rs. 913 and a low of Rs. 899.

Meanwhile, the BSE Sensex is up 209 points at 27,294.

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