Teva debuts generic of Provigil, Avapro and Avalide; Ranbaxy Crestor copy OKed in Canada

1 April 2012

Israeli generics giant Teva Pharmaceutical Industries (Nasdaq: TEVA) last Friday launched an authorized generic of Provigil (modafinil), a drug for the treatment of narcolepsy, the patent on which expires in 2014.

Provigil is marketed by Cephalon, now a wholly owned subsidiary of Teva which out bid Valeant with a $6.8 bid to acquire the company last year (The Pharma Letter May 3, 2011). This product will continue to be manufactured under the brand product's new drug application at the same facility where it is currently produced. Shipping of the product has commenced. The brand product had annual sales of around $1.1 billion in the USA, based on IMS sales data quoted by Teva.

Teva also announced today that it has commenced commercial launch of both irbesartan and irbesartan-hydrochlorothiazide tablets, the Company’s generic versions of French drug major Sanofi’s high blood pressure treatments, Avapro and Avalide. The brand products had annual sales of around $464 million and $124 million, respectively, in the USA, based on IMS sales data.

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