Dr Reddy's gets USFDA nod for migraine injection
The company has received an approval from the US Food and Drug Administration (USFDA) for ZembraceSymTouch injection, DRL said in a statement.
“ZEMBRACESymTouch is the first branded product in our Neurology portfolio. Migraine affects millions of patients. Many of these patients have busy lives and quick pain relief is critical to help them manage through their daily routines” said Raghav Chari, Executive Vice President, Proprietary Products Group at Dr. Reddy’s Laboratories. He further added that in many cases, migraine episodes are accompanied by severe nausea, making it difficult to swallow and retain pills. ZEMBRACESymTouch the company says is specifically designed for patients who may experience certain migraine episodes and for whom a pill may not be the right option.
The product will be marketed in the United States by Promius Pharma, a wholly-owned specialty company of Dr. Reddy’s Laboratories. Analysts have given a thumbs up for the product and are expecting sales worth $40-50 million.
Dr Reddy’s shares on Friday closed at Rs 3104 up by 3.21%
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