Actavis Launches Generic Adalat CC Tablets In US
Actavis Group has launched NIFEdipine extended-release tablets. Distribution of the product will commence immediately.
Actavis' NIFEdepine extended-release (XR) tablets are the generic equivalent of Bayer's Adalat CC tablets and available in 30mg and 60mg strengths. NIFEdepine XR tablets are indicated for the treatment of hypertension. It may be used alone or in combination with other anti- hypertensive agents.
Doug Boothe, Executive VP of US Commercial & Administration said: "NIFEdipine XR is the first product launch from Actavis South Atlantic LLC (formerly Abrika Pharmaceuticals) since the acquisition of Abrika in April 2007. It is going to be a valuable addition to our rapidly expanding product portfolio and solidifies our strategy to further grow our business in the controlled release segment along with other technically difficult markets."
Annual sales of Nifedipine XR tablets (AdalatCC and its generic equivalent) in the U.S. were approximately US$143 million for the twelve months ending March 2007 according to IMS health data.
Actavis is one of the world's leading generic pharmaceutical companies specializing in the development, manufacture and sale of generic pharmaceuticals. With headquarters in Iceland, Actavis has operations in 39 countries, with 11,000 employees. The company's market capitalization is approximately EUR3.3bn and is listed in the OMX stock exchange in Iceland. Actavis expects 2007 sales to total EUR1.6bn, with approximately one-third of these sales coming from the United States, the company's single largest market. In the U.S. alone, the company made 38 ANDA filings in 2006 and expects to file 40-45 in the year 2007 along with 18-20 new product launches. The company's U.S. operations are located in New Jersey, Maryland, North Carolina and Florida.