Taro Gets FDA Approval for Cetirizine Hydrochloride Tablets OTC

Posted on: Wed, 29 Jul 2009 23:27:00 EDT


Symbols: TARO
Jul 29, 2009 (Close-Up Media via COMTEX) --
TARO | Quote | Chart | News | PowerRating -- Taro Pharmaceutical Industries reported that it has received approval from the U.S. Food and Drug Administration for its Abbreviated New Drug Application for cetirizine hydrochloride tablets (OTC), 5 mg and 10 mg.

The product will be marketed by Taro's U.S. affiliate, Taro Pharmaceuticals U.S.A., Inc.

In a release, the company noted that its Cetirizine Tablets are bioequivalent to McNeil Consumer Healthcare's Zyrtec Allergy Tablets, 5 mg and 10 mg and Zyrtec Hives Relief Tablets, 5 mg and 10 mg. Taro previously received approval for cetirizine hydrochloride oral solution in April 2008.

Cetirizine Tablets are a nonprescription drug approved for the temporary relief of symptoms due to hay fever or other respiratory allergies (sneezing; runny nose; itchy, watery eyes; itchy throat or nose) in adults and children 2 years of age and older. Cetirizine Tablets are also approved for the relief of itching due to hives in adults and children 6 years of age and older.

According to industry sources, annual U.S. sales of this product are approximately $350 million.

Taro is a multinational, science-based pharmaceutical company, dedicated to meeting the needs of its customers through the discovery, development, manufacturing and marketing of the highest quality healthcare products.

((Comments on this story may be sent to health@closeupmedia.com))

For full details on (TARO) TARO. (TARO) has Short Term PowerRatings at TradingMarkets. Details on (TARO) Short Term PowerRatings is available at This Link.

UPCOMING EVENTS
Learn new strategies, how to trade in this market, and the stocks you should be focusing on each day. Join us for our free 20 minute tele-seminars during the week.
* Attendance is strictly limited and are filled on a first-come, first-served basis.