New Delhi: Drug major Dr Reddy's Laboratories(DRL) today said its US subsidiary Promius Pharma has received USFDA approval to market Sernivo spray, used in treatment of skin disorder.
In a BSE filing the company said: "Its US subsidiary, Promius Pharma, LLC, US has received approval for Sernivo Spray, 0.05 per cent from the US Food and Drug Administration (FDA). Sernivo Spray, a prescription topical steroid, is
indicated for the treatment of mild to moderate plaque psoriasis in patients 18 years of age or older."
The company added the commercial launch of the product is planned for the coming quarter. Dr Reddy's Laboratories Co-Chairman and CEO G V Prasad
said: "The FDA approval of Sernivo Spray is a significant milestone for Promius as it validates our committed efforts and resources to developing differentiated dermatology products from concept to commercial launch.
We are delighted to receive a first round FDA approval of Sernivo Spray as we look to expand our portfolio of medical dermatology products available in the US market."
The company added that Promius has conducted two multi-center, randomised, double-blind, vehicle-controlled clinical trials in subjects aged 18 years and older with moderate plaque psoriasis to evaluate the safety and efficacy
of Sernivo Spray.
"As an emerging leader in the dermatology space, we are committed to developing innovative treatment options and support services for clinicians and patients. The approval of Sernivo emphasizes our ongoing efforts and we look forward to a successful launch of Sernivo Spray in the coming quarter,"
Dr Reddys Executive Vice President of Proprietary Products and President of Promius Pharma Raghav Chari said.
Shares of Dr Reddy's were trading at Rs 3,092.55, down 0.53 per cent, from previous close on BSE....