Generic Glucophage® XR
Another product candidate in our generics pipeline is metformin hydrochloride extended-release capsules. It is a generic version of the marketed drug Glucophage® XR. In February 2017 the FDA granted approval of our Generic Glucophage XR for the 500 mg and 750 mg strengths.
Glucophage is an oral antihyperglycemia drug used in the management of type 2 diabetes. According to Symphony Health Solutions, sales in the United States for the 12 months ended January 2017 of the 500 mg and 750 mg strengths of Glucophage® XR and all generic equivalents, were approximately $591 million (TRx MBS Dollars).