Business Services Industry
Leiner Health Products Announces the Introduction of Famotidine 20 mg Tablets
Business Wire, Sept 27, 2006
CARSON, Calif. -- Leiner Health Products, LLC announced today that its development partner Dr. Reddy's Laboratories, Inc. (NYSE: RDY) has received FDA approval of its Abbreviated New Drug Application (ANDA) for the over-the-counter (OTC) version of Famotidine 20 mg. Marketing exclusivity for the brand (Maximum Strength Pepcid[R]* AC) ended on September 23, 2006, opening the door for 95 million acid indigestion and heartburn sufferers to get relief at store brand prices.
"Leiner is committed to providing affordable store brand OTC products to consumers seeking savings without compromising on quality," stated Tom Mooy, Senior Vice President for OTC products at Leiner. "Introduction of Famotidine 20 mg is another step in our mission to be a leader in providing new OTC drugs that have been switched from prescription status to OTC by FDA. This approval also further strengthens our successful product development partnership with Dr. Reddy's Laboratories." This product will be sold through leading drug, food, mass market retailers, and club stores under their store brand labels starting September 25, 2006.
About Leiner Health Products (www.leiner.com) Founded in 1973, Leiner Health Products, headquartered in Carson, Calif., is America's leading manufacturer of store brand vitamins, minerals, and nutritional supplements and its second largest supplier of over-the-counter pharmaceuticals in the food, drug, mass merchant and warehouse club (FDMC) retail market, as measured by retail sales. Leiner provides nearly 50 FDMC retailers with over 3,000 products to help its customers create and market high quality store brands at low prices. It also is the largest supplier of vitamins, minerals and nutritional supplements to the U.S. military. Leiner markets its own brand of vitamins under YourLife[R] and sells over-the-counter pharmaceuticals under the Pharmacist's Formula[R] name. Last year Leiner distributed over 28 billion doses that help offer consumers high quality, affordable choices to improve their health and wellness.
*Pepcid[R] is a registered trademark of Merck & Co., Inc.
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