US drugmaker Watson Pharmaceuticals (NYSE: WPI) says that its subsidiary, Watson Laboratories, has received tentative approval from the US Food and Drug Administration for its rosuvastatin zinc 5, 10, 20 and 40mg tablets.
Watson's rosuvastatin zinc tablets are a new salt form of Anglo-Swedish drug major AstraZeneca's (LSE: AZN) blockbuster cholesterol lowerer Crestor (rosuvastatin calcium) tablets, which generated global sales of $1.7 billion in the second quarter of this year, a rise of 15% year-on-year.
On July 15, 2010, Watson Laboratories filed a New Drug Application under Section 505(b)(2) of the Federal Food and Drug Cosmetic Act (FFDCA) with the FDA seeking approval to market rosuvastatin zinc 5, 10, 20 and 40 mg tablets.
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