Alembic Gets ANDA Nod for Bimatoprost Ophthalmic Solution; Shares Hit New One Month-High | CORPORATE ETHOS

Alembic Gets ANDA Nod for Bimatoprost Ophthalmic Solution; Shares Hit New One Month-High

By: | August 6, 2018
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Aug 6: Gujarat-based drug maker Alembic Pharmaceuticals Ltd on Monday announced that the company has received tentative approval from the US Food & Drug Administration (USFDA) for its Abbreviated New Drug Application (ANDA) for Bimatoprost Ophthalmic Solution, 0.03%.

According to the company, the tentatively approved ANDA is therapeutically equivalent to the reference listed drug product (RLQ), LATISSE ophthalmic solution, 0.03% of Allergan. Bimatoprost Ophthalmic Solution, 0.03% is indicated to treat hypotrichosis of the eyelashes by increasing their growth including length, thickness and darkness, it said.

Bimatoprost Ophthalmic Solution, 0.03% has an estimated market size of $ 63 million for the twelve months ending December 2017 according to IQVIA. Alembic is currently in litigation with Allergan in District Court of New Jersey and the launch of this product will depend on the outcome of litigation, according to the company.

Alembic now has a total of 76 ANDA approvals (64 final approvals and 12 tentative approvals) from USFDA.