MUMBAI – When Aurobindo Pharma Ltd. announced U.S. FDA approval for its generic versions of Seroquel (quetiapine) in multiple strengths late on March 28, analysts were excited as the drug’s patent expiry opened up a large revenue potential for the generics industry with sales crossing $4.5 billion annually.
But more intriguing is the fact that the product used for the treatment of schizophrenia and bipolar disorders had been approved out of Unit III, Aurobindo’s site that had been...
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