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Biotech / Medical : Sepracor-Looks very promising

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From: Icebrg3/16/2007 3:59:58 AM
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India's Ranbaxy gets tentative US nod for zolpidem

MUMBAI, March 16 (Reuters) - India's Ranbaxy Laboratories Ltd. RANB.BO: Quote, Profile , Research) said on Friday it had received tentative approval from the U.S. Food and Drug Administration to manufacture and market zolpidem tartrate tablets, used to treat insomnia.

The company said in a statement that its drug was a bioequivalent of Ambien tablets of Sanofi Aventis (SASY.PA: Quote, Profile , Research).

Ranbaxy said the drug had annual sales of $2.12 billion.
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