Natco marketing partner Breckenridge Pharma gets USFDA nod for cancer drug Everolimus
Hyderabad: Pharma major, Natco Pharma Limited, today announced that the company's marketing partner, Breckenridge Pharmaceutical Inc. (BPI), has received final approval for its Abbreviated New Drug Application (ANDA) for Everolimus Tablets (generic for Afinitor) from the U.S. Food and Drug Administration (USFDA).
NATCO's partner BPI plans to launch 2.5 mg, 5 mg and 7.5 mg strengths of the product shortly within the next few weeks. The launch of l0 mg strength of the product is subject to confidential terms of a settlement and license agreement entered into with the owner of the Afinitor brand.
The launch date of l0 mg strength of the product will be announced at a later date.
The above strengths of Everolimus are indicated in the treatment of breast cancer and a few other types of cancers.
As per industry sales data, Afinitor and its therapeutic equivalents had generated annual sales of $712 million in USA during the twelve months ending December 2020.
Natco Pharma Limited was incorporated in Hyderabad in the year 1981 with an initial investment of INR 3.3 million.
The Company has seven manufacturing facilities spread across India with modern research laboratories, capabilities in New Drug Development, etc.