Sun Pharma launches generic Exelon® with 180-day exclusivity in US

Mumbai, July 1, 2010: Sun Pharma announced launch of generic Exelon®, rivastigmine tartrate capsules for the US market. Earlier, USFDA had granted final approval for the Company's ANDA to market these products.

These generic rivastigmine capsules are therapeutically equivalent of Novartis Exelon® Capsules and include four strengths: 1.5 mg (base), 3 mg (base), 4.5 mg (base) and 6 mg (base). These strengths of Exelon® have annual sales of approximately USD 130 million in the US.

Sun Pharma, being one of the first-to-file an ANDA for generic Exelon® with a para IV certification, shares a 180-day marketing exclusivity.

Rivastigmine tartrate is indicated for the treatment of mild to moderate dementia of the Alzheimer's type and for the treatment of mild to moderate dementia associated with Parkinson's disease.

Exelon ® is a registered trademark of Novartis.

The stock was trading at Rs.1765, up by Rs.9.95 or 0.57%. The stock hit an intraday high of Rs.1776 and low of Rs.1752.60.

The total traded quantity was 2948 compared to 2 week average of 15324.

Source : Equity Bulls

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