ACETO Subsidiary to unveil lithium carbonate extended-release tablets and metronidazole tablets in the US market.
M2 EQUITYBITES-March 24, 2016-ACETO Subsidiary to unveil lithium carbonate extended-release tablets and metronidazole tablets in the US market
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Human Health products company ACETO Corporation (NasdaqGS:ACET) stated on Wednesday that it plans to introduce Lithium Carbonate Extended-release Tablets, 300mg and Metronidazole Tablets, 250mg and 500mg in the US market.
This launch is being initiated by the company's finished dosage form generics subsidiary, Rising Pharmaceuticals Inc.
The company added that Lithium Carbonate Extended-release Tablets, 300mg is an US FDA approved generic version of ANI Pharmaceutical's Lithobid and Metronidazole Tablets, 250mg and 500mg is an US FDA approved generic version of GD Searle, LLC's Flagyl.
For the 12 months ended 31 January 2016, theUS market sales for Lithium Carbonate Extended-release Tablets, which is used in the treatment of manic-depressive illness, were approximately USD21m, according to IMS Health data.
In addition, the US market sales for Metronidazole Tablets, which is used in the treatment of trichomoniasis, asymptomatic consorts, amebiasis and a variety of anaerobic bacterial infections, were about USD51m for the 12 months ended 31 January 2016.
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|Publication:||M2 EquityBites (EQB)|
|Date:||Mar 24, 2016|
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