For Immediate Release
Chicago, IL – August 10, 2012 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include Dr. Reddy’s Laboratories (RDY), Merck & Co (MRK), Mylan Inc. (MYL), Pfizer, Inc. (PFE) and Roche (OTC:RHHBY).
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Here are highlights from Thursday’s Analyst Blog:
Dr. Reddy’s Expands Portfolio
Dr. Reddy’s Laboratories (RDY) recently announced the launch of its generic version of Merck & Co’s (MRK) blockbuster asthma and allergy drug Singulair (montelukast) following the receipt of US Food & Drug Administration (:FDA) approval for its Abbreviated New Drug Application (ANDA).
Dr. Reddy’s launched its generic version of Singulair tablets (10 mg) and chewable tablets (4 mg & 5 mg) in the US on August 6, 2012. Singulair is marketed for the chronic treatment of asthma symptoms and relieving symptoms of allergic rhinitis in both adults and children.
According to IMS Health, US branded sales of Singulair tablets and chewable tablets were approximately $3.6 billion and $1.14 billion, respectively, for the twelve months ended March 31, 2012.
Earlier this month, Singulair lost patent exclusivity in the US. Notably, Mylan Inc. (MYL) also launched its generic version of Singulair tablets (10 mg) and chewable tablets (4mg &5 mg) following FDA approval.
Dr. Reddy’s had quite a few generic launches this year. In July 2012, it launched its generic version of Pfizer, Inc.'s (PFE) blockbuster cholesterol drug, Lipitor. The FDA had approved the company’s ANDA for its generic version of Lipitor (10 mg, 20 mg, 40 mg and 80 mg formulations). Lipitor lost patent exclusivity in the US on November 30, 2011.
Dr. Reddy’s also launched a generic version of Roche’s (OTC:RHHBY) Boniva tablets for the treatment of osteoporosis in women after menopause.
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