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FDA approves Glenmark's generic version of Novartis' Exjade tablets for chronic iron overload

Published on 07/01/20 at 12:55pm

Indian pharma firm Glenmark has announced it has secured approval from the FDA for its oral deferasirox tablets in the treatment of high iron levels in the body as a result of multiple blood infusions.

The therapy is a generic version of Novartis’ Exjade iron chelator tablets used in the treatment of chronic iron overload, a condition which can eventually lead to organ damage and potentially serious conditions such as heart disease and diabetes. In the 12 months ending in November last year, the therapy generated $106.4 million in sales for Novartis.

The approval covers the Mumbai-based firm’s 125mg, 250mg and 500mg tablet formulations. Glenmark’s share price elevated by around 1.37% with the reveal of the news.

Matt Fellows

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