ANI Pharma Bags FDA Approval and Launch of Indomethacin Oral Suspension, USP
Portfolio Pulse from Benzinga Newsdesk
ANI Pharmaceuticals, Inc. (NASDAQ:ANIP) has received FDA approval for its ANDA for Indomethacin Oral Suspension, USP, a generic version of Indocin Oral Suspension. The current annual U.S. market for this product is estimated at $4.1 million.
January 16, 2024 | 11:51 am
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ANI Pharmaceuticals has gained FDA approval for Indomethacin Oral Suspension, which could lead to increased revenues given the $4.1 million market size.
FDA approval is a significant milestone for pharmaceutical companies, often leading to an increase in stock price due to the potential for revenue growth. Given the $4.1 million market size for Indomethacin Oral Suspension, this approval is likely to have a positive impact on ANIP's financial performance in the short term.
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IMPORTANCE 80
RELEVANCE 100