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Strategies & Market Trends : News Center....FLASH!!!!!

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To: Instock who wrote (26)12/29/1997 9:01:00 AM
From: Milk  Read Replies (2) of 115
 
*Watson Pharmaceuticals (NYSE: WPI) Announces FDA Approval for Etodolac
Capsules*

CORONA, Calif., Dec. 29 /PRNewswire/ -- Watson Pharmaceuticals, Inc. (NYSE: WPI - news) announced today that its wholly owned subsidiary, Royce Laboratories, Inc., has received approval from the Food and Drug Administration (FDA) for its abbreviated new drug application (ANDA) to manufacture and market Etodolac 200mg and 300mg capsules. Etodolac is the off-patent equivalent of Wyeth-Ayerst Laboratories' Lodine(R), which is a nonsteroidal anti-inflammatory drug used for the treatment of osteoarthritis and for the management of pain. Shipments are expected to begin in January 1998.

Source: biz.yahoo.com
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