Two more product approvals in Russia for India's Claris

27 May 2011

Claris Lifesciences (CLAR: IN), one of the largest sterile injectables pharmaceutical companies in India, has received approval from Russia’s Ministry of Health to market two more anti-infectives namely fluconazole IV 100 ml and levofloxacin IV 100 ml.

Fuconazole is a triazole antifungal drug used in the treatment and prevention of superficial and systemic fungal infections, where as levofloxacin is a synthetic anitbacterial agent of the fluoroquinolone class that is used to treat a broad range of infections.

Russia is one of the largest and fastest expanding pharmaceutical markets in the world, estimated to grow at 12%-15% compound annual growth rate (CAGR). The generic market size in Russia is estimated to be at $3.5 billion.

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