Taro's granisetron tablets receive FDA approval

Jun 3 2010

Taro Pharmaceutical Industries Ltd. ("Taro," the "Company," Pink Sheets: TAROF) reported today that it has received approval from the U.S. Food and Drug Administration ("FDA") for its Abbreviated New Drug Application for Granisetron Hydrochloride Tablets USP, 1 mg (base) ("granisetron tablets").

Taro's granisetron tablets is a prescription product used for the prevention of nausea and vomiting associated with chemotherapy and radiation treatment and is bioequivalent to Hoffman-La Roche, Inc.'s Kytril® tablets, 1 mg (base). According to industry sources, granisetron tablets had U.S. sales of approximately $15 million in 2009.