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Teva Pharmaceutical (TEVA) Receives FDA Approval for Venlafaxine Hydrochloride Tablets

August 4, 2006 10:21 AM EDT
Teva Pharmaceutical Industries Ltd. (Nasdaq: TEVA) announced that the U.S. Food and Drug Administration (FDA) has granted final approval for the Company's Abbreviated New Drug Application for Venlafaxine Hydrochloride Tablets, 25 mg, 37.5 mg, 50 mg, 75 mg and 100 mg. Shipment of this product will begin immediately.

Teva's Venlafaxine HCl Tablets are the AB-rated generic equivalent of Wyeth's Effexor Tablets, a product indicated for the treatment of major depressive disorder.

The brand product has annual sales of approximately $152 million.

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