New Delhi: Glenmark Pharma has received final nod from the USFDA to manufacture and market therapeutical equivalent of Endo Pharmaceutical's Frova tablets, used to treat migraine headaches, in the American market.
"Glenmark Pharmaceuticals Inc has been granted final approval by the US Food and Drug Administration (US FDA) for Frovatriptan Succinate Tablets, 2.5 mg," the company said in a BSE filing today. It further said the drug is "therapeutical equivalent of Endo Pharmaceutical's Frova tablets 2.5 mg." Quoting IMS data, Glenmark said the approved product has an estimated market size of USD 87.8 million for the 12 months ended January 2016.
The company's current portfolio consists of 61 ANDAs pending approvals from the US FDA and 108 products authorised for distribution in the US. Stock of Glenmark Pharma was trading at Rs 831.90, down 2.03 per cent from the previous close on BSE.