Ranbaxy receives
tentative approval to manufacture and market Esomeprazole
Magnesium dr capsules
Princeton, NJ – February 7, 2008
Ranbaxy Pharmaceuticals Inc. (RPI),
a wholly owned subsidiary of Ranbaxy Laboratories Limited
(RLL), announced today that RLL has received tentative
approval from the U.S. Food and Drug Administration
for Esomeprazole Magnesium Delayed-Release Capsules,
20 mg (base) and 40 mg (base). Nexium® (Esomeprazole)
is the second largest selling drug in the U.S. with
total annual market sales of $5.5 billion (IMS –
MAT: December 2007).
Ranbaxy believes that it has a FTF (First to File) status
on the drug, providing it with a potential 180 days
marketing exclusivity, thereby offering a significant
opportunity in the future.
Esomeprazole is indicated for the short-term treatment
(4 to 8 weeks) in the healing and symptomatic resolution
of diagnostically confirmed erosive esophagitis, to
maintain symptom resolution and healing of erosive esophagitis
and for treatment of heartburn and other symptoms associated
with Gastroesophageal Reflux Disease (GERD),.
Ranbaxy Pharmaceuticals Inc. (RPI) based in Jacksonville,
Florida, is a wholly owned subsidiary of Ranbaxy Laboratories
Limited (RLL), India’s largest pharmaceutical
company. RPI is engaged in the sale and distribution
of generic and branded prescription products in the
U.S. healthcare system.
Ranbaxy Laboratories Limited, headquartered in India,
is an integrated, research based, international pharmaceutical
company producing a wide range of quality, affordable
generic medicines, trusted by healthcare professionals
and patients across geographies. Ranbaxy’s continued
focus on R&D has resulted in several approvals in
developed markets and significant progress in New Drug
Discovery Research. The Company’s foray into Novel
Drug Delivery Systems has led to proprietary "platform
technologies", resulting in a number of products
under development. The Company is serving its customers
in over 125 countries and has an expanding international
portfolio of affiliates, joint ventures and alliances,
ground operations in 49 countries and manufacturing
operations in 11 countries.
Nexium® is the registered trademark of Astra
Zeneca
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