Glenmark Pharma gets final USFDA nod for migraine headache relief tablet

Glenmark Pharmaceuticals has received a final nod from the USFDA to manufacture and market therapeutical equivalent of Endo Pharmaceutical's Frova tablets, used to treat migraine headaches, in the American market.

"Glenmark Pharmaceuticals Inc has been granted final approval by the US Food and Drug Administration (USFDA) for Frovatriptan Succinate Tablets, 2.5 mg," the company said in a BSE filing on Monday.

It further said the drug is "therapeutical equivalent of Endo Pharmaceutical's Frova tablets 2.5 mg."

Quoting IMS data, Glenmark said the approved product has an estimated market size of $87.8 million (nearly Rs 589.66 crore) for the 12 months ended January 2016.

The company's current portfolio consists of 61 abbreviated new drug applications (ANDAs) pending approvals from the USFDA and 108 products authorised for distribution in the US.

At 1156 hours, the shares of Glenmark Pharmaceuticals were trading up 0.91% or Rs 7.50 at Rs 829.40 per scrip on the BSE.