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Mylan Laboratories (MYL) Levothyroxine Sodium Tablets USP Approved as Generic Equivalent to Levothroid

January 3, 2007 9:27 AM EST
MYL Hot Sheet
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Revenue Growth %: -99.9%
Mylan Laboratories Inc. (NYSE: MYL) announced that the U.S. Food and Drug Administration (FDA) has granted the company approval to market its currently approved Levothyroxine Sodium Tablets, USP as a bioequivalent and, therefore, therapeutically equivalent product to Levothroid Tablets (manufactured by Lloyd Pharmaceuticals for Forest Laboratories Inc. (NYSE: FRX)).

Total U.S. sales for all Levothyroxine brands and generic equivalents were approximately $1 billion for the 12-month period ended Sept. 30, 2006, according to data from IMS Health.

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