STOCK TITAN

Cipla receives final approval for generic version of Sunovion Pharmaceuticals, Inc.'s Brovana® (Arformoterol Tartrate Inhalation Solution 15 mcg/ 2mL)

Rhea-AI Impact
(Moderate)
Rhea-AI Sentiment
(Neutral)
Tags
Rhea-AI Summary

Cipla Limited announced receiving final approval from the US FDA for its Abbreviated New Drug Application (ANDA) for Arformoterol Tartrate Inhalation Solution 15 mcg / 2 mL. This generic version is therapeutically equivalent to Sunovion Pharmaceuticals' Brovana, which had US sales of approximately $438M in the past year. The product is available for immediate shipping, enhancing Cipla's presence in the respiratory market and potentially contributing to revenue growth. Cipla remains a significant player in India and South Africa, focusing on sustainable growth and complex generics.

Positive
  • Final US FDA approval received for Arformoterol Tartrate Inhalation Solution 15 mcg / 2 mL.
  • Generic version of Brovana, which had US sales of approximately $438M over the past 12 months.
  • Immediate availability for shipping enhances market position and revenue potential.
Negative
  • None.

MUMBAI, India, June 23, 2021 /PRNewswire/ -- Cipla Limited (BSE: 500087) (NSE: CIPLA EQ) (hereafter referred to as "Cipla") today announced that it has received final approval for its Abbreviated New Drug Application (ANDA) for Arformoterol Tartrate Inhalation Solution 15 mcg / 2 mL from the United States Food and Drug Administration (US FDA).

Cipla Logo

Cipla's Arformoterol Tartrate Inhalation Solution 15 mcg / 2 mL is AN-rated generic therapeutic equivalent version of Sunovion Pharmaceuticals Inc.'s Brovana®.

Brovana® is a long-acting beta-2 adrenergic agonist (beta-2 agonist) indicated for:

  • Long-term, twice daily (morning and evening) administration in the maintenance treatment of bronchoconstriction in patients with chronic obstructive pulmonary disease (COPD), including chronic bronchitis and emphysema.

According to IQVIA (IMS Health), Brovana® had US sales of approximately $438M for the 12-month period ending April 2021.

The product is available for shipping immediately.

About Cipla:

Established in 1935, Cipla is a global pharmaceutical company focused on agile and sustainable growth, complex generics, and deepening portfolio in our home markets of India, South Africa, North America, and key regulated and emerging markets. Our strengths in the respiratory, anti-retroviral, urology, cardiology, anti-infective and CNS segments are well-known. Our 46 manufacturing sites around the world produce 50+ dosage forms and 1,500+ products using cutting-edge technology platforms to cater to our 80+ markets. Cipla is ranked 3rd largest in pharma in India (IQVIA MAT April' 21), 3rd largest in the pharma private market in South Africa (IQVIA MAT April'21), and is among the most dispensed generic players in the U.S. For over eight decades, making a difference to patients has inspired every aspect of Cipla's work. Our paradigm- changing offer of a triple anti-retroviral therapy in HIV/AIDS at less than a dollar a day in Africa in 2001 is widely acknowledged as having contributed to bringing inclusiveness, accessibility and affordability to the centre of the HIV movement. A responsible corporate citizen, Cipla's humanitarian approach to healthcare in pursuit of its purpose of 'Caring for Life' and deep-rooted community links wherever it is present make it a partner of choice to global health bodies, peers and all stakeholders. For more, please visit www.cipla.com, or click on Twitter, Facebook, LinkedIn.

For queries, please contact:

Corporate Communications
Heena Kanal
E-Mail: CorpComm@cipla.com  

Investor Relations
Naveen Bansal
E-Mail: Investor.Relations@cipla.com

Cision View original content:http://www.prnewswire.com/news-releases/cipla-receives-final-approval-for-generic-version-of-sunovion-pharmaceuticals-incs-brovana-arformoterol-tartrate-inhalation-solution-15-mcg-2ml-301318132.html

SOURCE Cipla

FAQ

What is Cipla's recent FDA approval related to?

Cipla received FDA approval for Arformoterol Tartrate Inhalation Solution 15 mcg / 2 mL.

What are the sales figures for Brovana?

Brovana had US sales of approximately $438M for the 12 months ending April 2021.

When was Cipla's FDA approval announced?

The FDA approval was announced on June 23, 2021.

What does the Arformoterol Tartrate Inhalation Solution treat?

It is indicated for maintaining bronchoconstriction in patients with chronic obstructive pulmonary disease (COPD).

What is the stock symbol for Cipla?

Cipla's stock symbol is CPLFY.

CIPLA LTD S/GDR 144A

OTC:CPLFY

CPLFY Rankings

CPLFY Latest News

CPLFY Stock Data

Medicinal and Botanical Manufacturing
Manufacturing
Link
United States of America
Mumbai