 "drugs, medicine, pharmaceuticals")
Alembic Pharmaceuticals said Friday it has received tentative approval from the US health regulator to market Alogliptin and Metformin Hydrochloride tablets, an anti-diabetes medication, in the US market.
The company's product is a generic version of Takeda Pharma USA's Kazano tablets, Alembic Pharmaceuticals said in a regulatory filing.
Alogliptin and Metformin Hydrochloride tablets had an estimated market size of $22.5 million in the US for 12 months ending December 2017, according to the market data.
Alembic now has a total of 77 abbreviated new drug application (ANDA) approvals from the USFDA.
Shares of the company gained 1.17 per cent to settle at Rs 647.70 apiece on BSE Friday.
