Caraco gets FDA nod to market generic Paxil
July 3 (Reuters) - Caraco Pharmaceutical Laboratories Ltd. (CPD.A: Quote, Profile, Research) said U.S. health regulators granted final approval for its generic version of GlaxoSmithKline PLC’s (GSK.N: Quote, Profile, Research) anti-depressant Paxil.
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For the 12 months ended March 2007, paroxetine HCl generic and brand products had annual sales of about $330 million, according to IMS data. (Reporting by Neetha Mahadevan in Bangalore)