First generic equivalent to Tamiflu debuts in the USA
The first generic equivalent to Swiss pharma giant Roche’s (ROG: SIX) influenza drug Tamiflu (oseltamivir phosphate) capsules has been launched in the USA.
Privately-held US pharma Alvogen and its partner Indian generics firm Natco Pharma (BSE: 524816) gained US Food and Drug Administration approval for their generic equivalent to Tamiflu in August this year, and Alvogen says it expects to deliver significant savings for patients and health providers of up to $500 million during this upcoming flu season. The product is available in three strengths (30mg, 45mg and 75mg).
As a result of a mild flu season last year, global Tamiflu sales slid 28% to $ 715 million. US sales of Tamiflu were around $403 million for 12 months ending December 2015, according to IMS Health data previously quoted by Natco.
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