Beverly Hills 11/14/2009 2:52:03 AM
News / Business

Mylan Inc Subsidiary Matrix Laboratories Receives FDA Approval

Finance World News Update by EQUITIES Magazine

Mylan Inc’s subsidiary, Matrix Laboratories, received final approval from the US Food and Drug Administration (FDA) for its Abbreviated New Drug Application’s (ANDA) Lansoprazole delayed-release capsules in two dosage forms (15 mg and 30 mg). The parent company plans to begin shipment of the product immediately.

 

A generic version of Takeda Pharmaceuticals’ proton pump inhibitor Prevacid DR Capsules, this most recent approval comes after their tentative FDA approval for the company's fixed-dose combination of Efavirenz, Lamivudine and Tenofovir Disoproxil Fumarate tablets for the treatment of HIV.

 

Right now, Mylan has 125 ANDAs pending FDA approval representing annual brand sales of $84.1 billion.

 

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