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. This product is currently the subject of an Abbreviated New Drug Application (ANDA) filing with the U.S. Food and Drug Administration (FDA) and is available for partnering.
Glucophage is an oral antihyperglycemia drug used in the management of type 2 diabetes. According to Symphony Health Solutions, sales of Glucophage® XR were approximately US$2.7 billion for the 12 months ending December 2016 (TRx MBS Dollars).