Faulding Receives FDA Approval for Acyclovir Tablets.ELIZABETH, N.J.--(BW HealthWire)--June 6, 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 tablets, it was announced today by Richard F. Moldin, president and chief executive officer of Faulding Inc. "Our 400 mg and 800 mg acyclovir tablets are the generic equivalent of Zovirax(R) brand tablets marketed by Glaxo Wellcome, Inc., an antiviral drug which is indicated for the treatment of herpes viruses. Purepac Pharmaceutical Co. plans a prompt commercial launch of this product, which in 1996 had brand sales of approximately $240 million," explained Moldin. The acyclovir tablets approval is the sixth 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 Jan. 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, and acyclovir injection. 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 to Editors: Zovirax(R) is a registered trademark of Glaxo Wellcome, Inc. CONTACT: Faulding Inc. Andrew M. Berdon, 908/527-9100 |
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