Pharmaceutical and biotechnology major Wockhardt will be launching Ceftazidime injection in the United States. Wockhardt has received approval from the United States Food & Drug Administration (US FDA) for marketing the injections containing 1 Gm/Vial Ceftazidime, which is used for treating various kinds of infections. Ceftazidime is the generic name for the brand Fortaz, sold in the US by Glaxo Smithkline.
Wockhardt's Ceftazidime injections will be launched in the US very shortly. According to IMS, the total market for Ceftazidime injections in the US is $42 million, of which the 1 gm market has sales worth US$12.6 million. Ceftazidime is used in treating several kinds of infections and is one of the most potent, powerful and safe antibiotics.
The Ceftazidime pentahydrate API is manufactured in the FDA approved API facility at Ankleshwar, Gujarat and the injections are manufactured at the US FDA certified formulation plant at Waluj, Maharashtra. The API and the product were developed in-house.
Wockhardt has 11 approvals from the US FDA for its sterile products including Cephalosporins. In the prescription generic pharmaceutical market, Wockhardt has been consistently growing market shares for all its products. Wockhardt today markets over fifty five products in the US.
The company made this announcement during the trading hours today, 16 October 2008.
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