Ranbaxy receives final approval to manufacture and market Ran-Simvastatin tablets in Canada

Ranbaxy Laboratories Limited (RLL), announced today that the Company has received final approval in Canada to manufacture and market Ran-Simvastatin 5 mg, 10 mg, 20 mg, 40 mg and 80 mg tablets (Simvastatin) from Health Canada, Therapeutic Products Directorate (TPD).  Total generic market size of Simvastatin tablets in Canada is $153 million ($CAD) [IMS-CDH: October 2008].  Ran-Simvastatin tablets are indicated for use as a lipid metabolism regulator.

“We look forward to marketing this organically developed product in all strengths that will be commercialized at an affordable price that will be beneficial to both the Canadian healthcare system, and most importantly, to Canadian patients.  Ran-Simvastatin represents the second approval granted to RPCI in July that will further expand the depth and breadth of our product portfolio of molecules that have clinical utility and value.  We plan to launch Ran-Simvastatin in a September timeframe,” said Paul Drake, President, RPCI.

Ranbaxy Pharmaceuticals-Canada Inc. (RPCI) based in Mississauga, Ontario, Canada, is a wholly owned subsidiary of Ranbaxy Laboratories Limited (RLL), India’s largest pharmaceutical company.  RPCI is engaged in the sale and distribution of generic prescription products in the Canadian 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.