Hyderabad; Dr Reddy’s Laboratories on Wednesday announced the launch of Ertapenem for Injection, 1 g/vial, a therapeutic equivalent generic version of INVANZ (ertapenem for injection) in the US market.
The injection, 1 g/vial was approved by the US Food and Drug Administration (USFDA), Hyderabad based pharmaceutical giant said in a release here.
“We are pleased to bring this important product to market at this time,” said Marc Kikuchi, CEO, North America Generics, Dr Reddy’s Laboratories.
“We’re excited to extend our strategic partnership with Gland
Pharma whose hard work, in collaboration with the team at Dr. Reddy’s, has enabled the execution of this
“We are delighted about this collaboration, as it brings together Dr Reddy’s experienced marketing and distribution capabilities and Gland Pharma’s robust development and manufacturing capabilities. Gland Pharma has an exclusive API supply arrangement for this product and a dedicated manufacturing facility in Hyderabad for Ertapenem Injection.
With the launch of this product we see increased capacity utilization of this dedicated Penem facility,” said Mr Srinivas Sadu, MD and CEO of Gland Pharma Ltd.
The INVANZ brand and generic market had US sales of approximately $205 million MAT for the most recent twelve months ending in March 2021 according to IQVIA Health.
Dr Reddy’s Ertapenem for Injection, 1 g/vial, is available in packs of 10 vials per carton.
Mumbai - he Indian rupee slumped 24 paise to breach the 74 per US dollar level on Monday as participants...