Sun Pharma gets USFDA nod for generic drug to treat cardiac problems

Sun Pharmaceutical Industries on Thursday said its subsidiary has received approval from the US health regulator to market a generic version of GSK's Coreg CR, extended-release capsules in the American market.

One of the company's wholly-owned subsidiaries has received final approval from US Food and Drug Administration (USFDA) for the generic product in strengths of 10mg, 20mg, 40mg and 80 mg, Sun Pharma said in a statement.

Coreg CR extended-release capsules are indicated for treating various heart conditions, including heart failure and high blood pressure.

As per IMS, Coreg CR had annual sales of around $208 million in the US for the 12 months ended August 2017.

Sun Pharma shares were trading 2.32 per cent up at Rs 535.40 apiece on BSE today.