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Alembic Pharma receives USFDA approval for lung cancer drug Binimetinib

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Core Development: Alembic Pharma receives USFDA approval for lung cancer drug Binimetinib
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Market & Financial Impact: The approved Abbreviated New Drug Application (ANDA) is therapeutically equivalent to the reference listed drug product, Mektovi Tablets (15 mg), of Array BioPharma Inc
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Actionable Insight: Monitor price volume action at market open; check key technical support/resistance levels.

With this approval, Alembic has a cumulative total of 248 ANDA approvals from the USFDA, comprising 230 final approvals and 18 tentative approvals (Photo: Company website)

Alembic Pharmaceuticals has received final approval from the US Food and Drug Administration for its Abbreviated New Drug Application for Binimetinib tablets for treatment of lung cancer.

The approved Abbreviated New Drug Application (ANDA) is therapeutically equivalent to the reference listed drug product, Mektovi Tablets (15 mg), of Array BioPharma Inc, the company said in a regulatory filing on Saturday.

Alembic is eligible for 180 days of generic drug exclusivity for Binimetinib Tablets, 15 mg and 45 mg, as it was one of the first ANDA applicants for the 15 mg strength and the sole first applicant for the 45 mg strength to submit a substantially complete ANDA with a paragraph IV certification, the filing said.

Binimetinib is a kinase inhibitor indicated, in combination with encorafenib, for the treatment of patients with unresectable or metastatic melanoma and non-small cell lung cancer with a BRAF V600E mutation, it said.

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Official Publisher Attribution: This report is aggregated from Business Standard. ZeroLive provides live aggregation, automated sentiment synthesis, and exchange disclosure monitoring for retail market participants.
Read Original Full Coverage on Business Standard ↗
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