Hi-Tech Pharmacal reports FDA ANDA approvals for two generic drugs to aid in chronic constipation.AMITYVILLE, N.Y.--(BUSINESS WIRE)--July 10, 1995--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. of 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) today announced 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. approvals of Abbreviated New Drug Applications (ANDA's) of two forms of Lactulose lactulose /lac·tu·lose/ (lak´tu-los) a synthetic disaccharide used as a laxative and to enhance excretion or formation of ammonia in the treatment of hepatic encephalopathy. Solution USP, the generic equivalents of Chronulac and Cephulac, both by Marion Merrell Dow Inc. "With industry brand sales in excess of $3 million and generic sales of Lactulose Solution USP in excess of $6 million and growing, we have an opportunity to generate significant revenue and income from these new products" Seltzer commented. "We are also pleased to note that these approvals represent our fourth and fifth ANDA approvals in a little over eight months and expect that new approval trend to continue. Hi-Tech currently has 20 ANDA applications on file with the FDA." 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 and Diabetic Tussin brand products through its Health Care Products Division. CONTACT: Hi-Tech Pharmacal Co. Inc. Bernard Seltzer David Seltzer 516/789-8228 or H.L. Lanzet Inc. Herbert Lanzet Paul Holm 212/687-0061 |
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