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These are very exciting times for us. The analgesic, Esgic with Codeine, butalbital caffeine manufactured by Forest Pharmaceuticals, Inc. (OTCBB:ABRX), today announced it has received Food and Drug Administration (FDA) approval for its Abbreviated New Drug Application (ANDA) for Butalbital, Acetaminophene, Caffeine Tablets USP, 50mg/500mg/40mg.
Such forward-looking information involves important risks and uncertainties that could significantly affect anticipated results in the future and accordingly, such results may differ materially from those expressed in any forward-looking statements made by or on behalf of Able Laboratories, Inc. It is our strategy to focus our continuing R&D efforts on areas of the generic market where we butalbital caffeine believe we can utilize our expertise and skill. Hydrocortisone, a topical corticosteroid, reduces butalbital caffeine redness and inflammation. Robert Cusick, Chairman and Chief Executive Officer of Able Laboratories, Inc.
Able's focus is to develop products that offer attractive market opportunities within selected niche markets of butalbital caffeine the generic drug industry. There is no assurance that the company will achieve the sales levels that will make the operation profitable or that FDA filings and approvals will be completed as anticipated. The products acquired include Fiorinal CIII (butalbital, aspirin and caffeine capsules), Fiorinal with codeine CIII, Fioricet (butalbital, acetaminophe and caffeine tablets) and Fioricet with codeine CIII. Novartis also will discontinue the manufacture, distribution and sale of butalbital caffeine the pain killer Fioricet (butalbital/acetaminophen/caffine) tablets 100s (unit dose) and will discontinue the sale of angina treatment Transderm-Nitro (nitroglycerin transdermal) entirely. Searle Soma is a registered trademark of Wallace Laboratories Business Editors/Health & Medical Writers SOUTH PLAINFIELD, N. --(BUSINESS WIRE)--July 25, 2001 Generic Version of Esgic Plus(R) With Estimated Generic Market of $16 Million Able Laboratories, Inc.Darvocet-N is a registered trademark of Eli Lilly. I am extremely pleased to announce this second approval today. Manufactured by Sandoz Pharmaceuticals, Inc. , East Hanover, N. , Fiorinal with Codeine No.