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For Immediate Release
Chicago, IL – September 13, 2012 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include Dr. Reddy’s Laboratories (RDY - Snapshot Report), AstraZeneca (AZN - Analyst Report), Par Pharmaceutical Companies Inc. , Mylan Inc. (MYL - Analyst Report) and Watson Pharmaceuticals Inc. .
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Here are highlights from Wednesday’s Analyst Blog:
Dr. Reddy’s Launches Generic Toprol
Dr. Reddy’s Laboratories (RDY - Snapshot Report) recently announced the launch of its generic version of AstraZeneca’s (AZN - Analyst Report) hypertension drug Toprol XL (metoprolol succinate extended release) tablets in the US.
The company had received approval for its Abbreviated New Drug Application (ANDA) from the US Food & Drug Administration (FDA) in August 2012.
Subsequently, Dr. Reddy’s launched its generic version of Toprol XL tablets (25 mg, 50 mg, 100 mg and 200 mg) in the US on September 11, 2012.
Toprol XL is marketed for the treatment of hypertension, angina pectoris, heart failure and disturbances caused by cardiac rhythm, maintenance treatment following myocardial infarction and migraine prophylaxis.
According to IMS Health, US branded and generic sales of Toprol XL were approximately $1.13 billion for the twelve months ended June 30, 2012.
Currently, Par Pharmaceutical Companies Inc. markets the authorized generic version of AstraZeneca’s Toprol XL in the US. Apart from this, generic versions of Toprol XL are also marketed by Mylan Inc. (MYL - Analyst Report) and Watson Pharmaceuticals Inc..
Currently, we have a Neutral recommendation on Dr. Reddy’s. The stock carries a Zacks #3 Rank (short-term Hold rating).
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