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Impax Laboratories (IPXL) Announes FDA Approval For Generic Precose

May 19, 2009 9:11 AM EDT
IPXL Hot Sheet
Overall Analyst Rating:
    NEUTRAL (Up Up)

Revenue Growth %: +13.4%
Impax Laboratories, Inc. (NASDAQ: IPXL) confirmed that the FDA has granted approval of the Company’s Abbreviated New Drug Application for generic versions of Precose Tablets (acarbose), 25 mg, 50 mg and 100 mg strengths.

Precose, a Bayer HealthCare Pharmaceuticals product, is used in the management of type two diabetes mellitus.

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