New Delhi, Aug 6 (PTI) Drug firm Indoco Remedies on Thursday said it has received approval from the US health regulator for Olanzapine tablets, indicated for the treatment of schizophrenia and bipolar disorder.

The approved product is therapeutically equivalent to the reference listed drug 'Zyprexa' of Eli Lilly.

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In a BSE filing, Indoco Remedies announced receipt of approval for its abbreviated new drug application (ANDA) for Olanzapine Tablets USP in the strengths of 2.5mg, 5mg, 7.5 mg, 10mg, 15mg and 20 mg.

Quoting IMS data, Indoco Remedies said the US market size of Olanzapine tablets is USD 65 million.

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Indoco Remedies Managing Director Aditi Kare Panandikar said this approval from the US health regulator will further supplement the solid dosage business for Indoco in the US.

Olanzapine is indicated for the treatment of schizophrenia and bipolar disorder. The drug may also be used in combination with other medication to treat depression and certain mental conditions.

Shares of Indoco Remedies were trading 1.67 per cent higher at Rs 238.05 apiece on BSE. PTI SVK ANS ANS 08061035 NNNN be satisfied that it has its competition back in action, but it is unfair and unwise to put the health of the game's fans at risk.

"They must first monitor the health and safety of the players and officials who will be involved in the thick of the on-field action."

The AMA highlighted the slow return of sport in Europe without crowds and praised the leaders of Australian rules for their cautious approach tied to expert medical advice.

Stringent controls and early border closures have contributed to Australia having only 102 known deaths from COVID-19 and just over 7,100 reported cases.

The federal government has announced a three-phase plan to ease restrictions in the coming months, with the states and territories to determine their own timings. But social distancing and hygiene measures will be retained indefinitely. (AP)

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