Delighted to see you on this message board, MLD. Remember you from the sfe days, and thoroughly appreciate your brand of posting and value your assessments. I do think that rdy is a true "diamond in the rough." Had a challenging, but successful, time getting my investment to hold (actually wanted to buy more when its price dropped to 15), but it's now successfully past our buy-in price, so everyone's happy again. Best of luck to you in your investments also.
Meanwhile, investors are eagerly awaiting the launch of DRL's modified version of Norvasc. The company was expected to launch Amlodipine Maleate (generic version of Norvasc), a hypertension drug in August 2003, but it has delayed the launch to December this year. Amlodipine Maleate differs chemically from the Amlodipine Besylate form of Pfizer's anti-angina and hypertension blockbuster, which had sales of $2.5 billion in 2001.
"Commenting on the development, GV Prasad, CEO, Dr. Reddy's Laboratories said, "The issuance of this letter reflects achievement of a key milestone for Dr. Reddy's in its attempt to launch a specialty product in the US market. We are particularly pleased that our very first NDA was determined approvable by the FDA within 10 months. Contingent upon a successful outcome in the patent term extension litigation with Pfizer, we expect to launch Amlodipine Maleate on August 26, 2003."
Anybody knows why they havent launched this drug?
laz_fynest_310m: Amlodipine, etc
You wrote: "Yo dude.... chill.. You acting like you know everything posting... oldd as* weblinks... chill u dunno sh-t.. otherwise you wont be yapping so much".....
First, I am not a dude.
Second, I'm sorry you couldn't find anything helpful using the links I provided.
My style of posts tend to be information with links. I try not to give personal opinions about the company nor individuals who post on message boards.
Best of luck to you and the others who post and lurk on this message board. MLD38
I hear from several sources that a decision should come any day from the court. The case was heard in Washington the second week of July and both sides were granted an expedited decision. This normally takes about 30-60 days.
What is the timetable for this drug? this is the generic for what drug? A blockbuster Hypertenstion Pfizer drug but whats the name?
Longs stay patient RDY will break 52 week high soon! Back to $27
anyone in here follows abrx?