Taro receives FDA approval for OTC allergy treatment

Taro’s Cetirizine tablets are the bioequivalent to McNeil Consumer Healthcare’s Zyrtec allergy tablets.

Taro Pharmaceutical Industries Ltd. (Pink Sheets: TAROF) has received approval from the US Food and Drug Administration (FDA) for its Abbreviated New Drug Application (ANDA) for cetirizine hydrochloride tablets (OTC), 5 mg and 10 mg (Cetirizine Tablets). The product will be marketed by Taro’s US affiliate, Taro Pharmaceuticals U.S.A., Inc.

Taro’s Cetirizine tablets are the bioequivalent to McNeil Consumer Healthcare’s Zyrtec Allergy tablets, 5 mg and 10 mg and Zyrtec Hives Relief tablets, 5 mg and 10 mg. Taro previously received approval for cetirizine hydrochloride oral solution in April 2008.

Cetirizine tablets are an OTC drug approved for the temporary relief of symptoms due to hay fever or other respiratory allergies (sneezing; runny nose; itchy, watery eyes; itchy throat or nose) in adults and children two years of age and older. Cetirizine tablets are also approved for the relief of itching due to hives in adults and children six years of age and older.

According to industry sources, annual US sales of this product are $350 million.

Taro's share rose 1.74% to $8.75 in morning trading.

Published by Globes [online], Israel business news - www.globes-online.com - on July 27, 2009

© Copyright of Globes Publisher Itonut (1983) Ltd. 2009

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