By: IPP Bureau
Last updated : November 20, 2023 8:05 am
This approval showcases Teva’s proven strengths in complex generic formulations development and device engineering
Teva Pharmaceuticals, a U.S. affiliate of Teva Pharmaceutical Industries Ltd, announced today the approval of a generic version of Forteo 1, in the United States. Market availability of the product in the U.S. is expected in the coming weeks.
Teriparatide injection is indicated to treat osteoporosis among certain women and men.
“We are thrilled to receive the long-awaited generic approval of this important drug-device combination product,” said Dr. Eric Hughes, Executive Vice President Global R&D and Chief Medical Officer. “This approval showcases Teva’s exceptional strengths in complex generic formulations development and device engineering, which support our ambitions to focus our generics pipeline on medicines that deliver the highest impact to patients. The approval will enhance access to a critical treatment option for patients while serving to demonstrate our strategic goal of sustaining a generic powerhouse.”
With nearly 500 generic medicines available, Teva has the largest portfolio of FDA-approved generic products on the market and holds the leading position in first-to-file opportunities, with approximately 100 pending first-to-files in the U.S. Currently, 1 in 12 generic prescriptions dispensed in the U.S. is filled with a Teva generic product.