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Fly News Breaks for March 17, 2016
CELG, AGN
Mar 17, 2016 | 07:36 EDT
Allergan (AGN) confirmed that it has filed an Abbreviated New Drug Application with the FDA seeking approval to market Paclitaxel Protein-Bound Particles for Injectable Suspension, 100 mg/vial. Allergan's ANDA product is a generic version of Celgene's (CELG) Abraxane, which is indicated for the treatment of metastatic breast cancer, after failure of combination chemotherapy for metastatic disease or relapse within 6 months of adjuvant chemotherapy; locally advanced or metastatic non-small cell lung cancer. Based on available information, Allergan believes it is a "first applicant" to file an ANDA for the generic version of Abraxane and, should its ANDA be approved, may be entitled to 180 days of generic market exclusivity. For the 12 months ending January 31, 2016, Abraxane had total U.S. sales of approximately $683M, according to IMS Health data.
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