First Voltaren XL generic approved and launched in USA
Teva Pharmaceutical Industries has launched the first generic version inthe USA of Novartis' Voltaren XR (diclofenac) 100mg dosage form, which is indicated for the treatment of osteoarthritis and rheumatoid arthritis. Branded sales of Voltaren XR in the USA for the 12 months ended December 31, 1999, were $98 million. On February 17, Biovail Corp received the first final approval from the FDA for a generic version of Voltaren XR. Teva has licensed exclusive marketing rights from Biovail for this product in the USA.
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