Mylan acquires global rights fast-acting meloxicam

12 April 2018

Mylan (Nasdaq: MYL) has acquired global development and marketing rights from India’s Prayog Labs to bring to market a fast-acting meloxicam as a proposed non-narcotic analgesic.

This novel delivery has the potential to provide a non-addictive treatment option for acute pain that patients may experience, for example, during dentistry procedures, post-surgery and with orthopedic defects. Meloxicam also is proposed to treat chronic pain.

Prayog Labs has completed the initial active pharmaceutical ingredient and formulation development, as well as a pharmacodynamic and preclinical evaluation. Mylan will be submitting an investigational new drug application to the US Food and Drug Administration and plans to use the 505(b)(2) regulatory pathway for product approval.

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