Caraco Adds Two Generics

Detroit-based Caraco Pharmaceutical Laboratories Ltd. (NYSE Amex: CPD) announced that it has started shipping azelastine ophthalmic solution, 0.05 percent, and rivastigmine tartrate capsules.

The solution is therapeutically equivalent to Optivar Ophthalmic Solution, 0.05 percent from Medpoint Pharmaceuticals, which has annual sales of approximately $50 million in the United States. Azelastine ophthalmic solution is indicated for treatment of the itching of the eyes associated with allergic conjunctivitis.

The capsules are therapeutically equivalent to Exelon capsules from Novartis. Rivastigmine tartrate is indicated for treatment of mild to moderate Alzheimer’s dementia and mild to moderate Parkinson’s disease dementia. Exelon capsules have annual sales of approximately $130 million in the U.S.

Detroit-based Caraco develops, manufactures, markets and distributes generic pharmaceuticals to the nation’s largest wholesalers, distributors, drugstore chains and managed care providers.

(c) 2010, WWJ Newsradio 950. All rights reserved.


Leave a Reply

Fill in your details below or click an icon to log in:

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

More From CBS Detroit

Best Fall Festivals In Metro DetroitFrom music to art to special events, there's a little something for everyone's delight.
Best 4th Of July Concerts In Metro DetroitStaying home this weekend? Celebrate the 4th of July by rocking out at one of these shows.

Watch & Listen