The company's abbreviated new drug application (ANDA) for Paclitaxel Protein bound particles for injectable suspension, 100mg/vial has been accepted for filing by the US Food and Drug Administration (USFDA), Panacea Biotec said in a BSE filing.
This product is a generic version of Abraxane, which is used for treatment of breast cancer, non-small lung cancer and adenocarcinoma of pancreas, it said.
Also Read
Abraxane had an annual worldwide sales of approximately USD 973.4 million, and USD 633.8 million in the US, Panacea Biotec said citing Celgene Annual Report 2016.
Shares of Panacea Biotec were trading at Rs 282.15 apiece in the mid-day trade, down 1.71 per cent from previous close on BSE.