Hi-Tech Pharmacal receives two FDA approvals to market generic forms of Mellaril Oral Solution.AMITYVILLE, N.Y.--(BUSINESS WIRE)--Aug. 20, 1996--Hi-Tech Pharmacal Co., Inc. (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 :HITK) has received ANDA ANDA abbr. abbreviated new drug application approvals from the 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. for Thioridazine Hydrochloride Oral Solution USP USP - unique sales point (Concentrate), 30 mg/mL, equivalent to Mellaril Oral Solution, 30 mg/mL manufactured by Sandoz Pharmaceuticals Corp., as well as Thioridazine Hydrochloride Oral Solution USP (Concentrate), 100 mg/mL, equivalent to Mellaril Oral Solution, 100 mg/mL manufactured by Sandoz Pharmaceuticals Corp. "We are very pleased with these, our ninth and tenth approvals in the last 24 months," commented Bernard Seltzer, president and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. , adding, "We consider the Thioridazines to be key approvals in our efforts to penetrate the hospital and nursing care markets where these items, in particular, are widely used. We are continuing to build our product line and we are optimistic with respect to the growth of our R & D programs. We currently have 16 applications on file with the FDA and we are confident that this approval trend will continue." Hi-Tech Pharmacal Co., Inc. manufactures more than 100 prescription and over-the-counter generic and branded pharmaceuticals in liquid and semi-solid (creams, ointments, suppositories suppositories, n.pl solid capsules made of materials that melt at body temperature and are used to deliver medicinal substances into the rectum. and gels) dosage forms, primarily for the private label market. The company also manufactures and markets its own products under the name of H-T as well as Sooth-It brand, Diabetic Tussin, DiabetiDerm and DiabetiSweet brand products through its Health Care Products Division. -0- This press release contains forward-looking statements. The company's actual results in the future could differ significantly from the results discussed in such forward-looking statements. CONTACT: Hi-Tech Pharmacal Co., Inc. David Seltzer, 516/789-8228 or Fax: 516/789-8429 |
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