Faulding Receives FDA Approval for Acyclovir Capsules.ELIZABETH, NJ--(BUSINESS WIRE)--Aug. 27, 1997--Faulding Inc.'s wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. , Purepac Pharmaceutical Co., has received approval from the Food and Drug Administration to market acyclovir capsules, it was announced today by Richard F. Moldin, president and chief executive officer of Faulding Inc. "Our 200 mg acyclovir capsules are the generic equivalent of Zovirax(R) brand capsules marketed by Glaxo Wellcome Inc., an antiviral drug which is indicated for the treatment of herpes viruses. The product had brand sales in 1996 of approximately $113 million. There are several other manufacturers holding approved ANDAs for this product. We are currently evaluating the commercial potential for acyclovir capsules," explained Moldin. The acyclovir capsules approval is the eighth FDA FDA abbr. Food and Drug Administration FDA, n.pr See Food and Drug Administration. FDA, n.pr the abbreviation for the Food and Drug Administration. approval received by Faulding Inc. this calendar year. Since January 1, Faulding Inc. has announced approvals for etodolac etodolac /eto·do·lac/ (e-to-do´lak) a nonsteroidal antiinflammatory drug used as an analgesic and antiinflammatory, especially to treat arthritis. e·to·do·lac n. tablets, captopril captopril /cap·to·pril/ (kap´to-pril) an angiotensin-converting enzyme inhibitor used in the treatment of hypertension, congestive heart failure, and post–myocardial infarction left ventricular dysfunction. tablets, preserved and unpreserved presentations of atracurium besylate injection, acyclovir injection, acyclovir tablets and pentoxifylline tablets. Faulding Inc. develops, manufactures and markets human pharmaceuticals and medical devices. The shares of Faulding Inc. are traded on NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on under the symbol "FAUL." -0- Note: Zovirax(R) is a registered trademark of Burroughs Wellcome Co. CONTACT: Faulding Inc., Elizabeth Andrew M. Berdon, 908/527-9100 |
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