Glenmark bags FDA approval for Lidocaine Ointment
September 12, 2016 | Monday | News | By BioSpectrum Bureau
Glenmark bags FDA approval for Lidocaine Ointment
Glenmark Pharmaceuticals Inc., USA (Glenmark) has been granted final approval by the United States Food & Drug Administration (U.S. FDA) for Lidocaine Ointment USP, 5%, the generic version of Xylocaine Ointment, 5% of AstraZeneca.
According to IMS Health sales data for the 12 month period ending July 2016, the Xylocaine Ointment, 5% market achieved annual sales of approximately $373.0 million.
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Glenmark's current portfolio consists of 109 products authorized for distribution in the U.S. marketplace and 62 ANDA's pending approval with the U.S. FDA.
