2 Drugmakers Launch Generic Versions of Lunesta

by Karl Utermohlen | April 15, 2014 2:15 pm

2 Drugmakers Launch Generic Versions of Lunesta

Mylan (MYL[1]) has launched a generic version of Lunesta while Teva Pharmaceuticals (TEVA[2]) has announced the launch of a similar product.

MYLAN185 2 Drugmakers Launch Generic Versions of Lunesta[3]Mylan’s Eszopiclone Tablets have been released[4] in 1 mg, 2mg and 3mg pills which are used to treat insomnia. The company’s generic version of Lunesta has received final approval from the U.S. Food and Drug Administration (FDA).

Meanwhile, Teva has announced the launch[5] of a generic version of the sleeping pills. Lunesta tablets account for approximately $852 million in sales in the U.S.

Lunesta isn’t the only sleeping pill making headlines lately as the FDA recently ordered lower doses for rival insomnia remedy Ambien.

TEVA stock is down about 1.3% and MYL stock is down over 0.8% Tuesday.

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Endnotes:
  1. MYL: http://studio-5.financialcontent.com/investplace/quote?Symbol=MYL
  2. TEVA: http://studio-5.financialcontent.com/investplace/quote?Symbol=TEVA
  3. [Image]: http://investorplace.com/wp-content/uploads/2013/01/MYLAN185.jpg
  4. released: http://online.wsj.com/article/PR-CO-20140415-908213.html
  5. the launch: http://online.wsj.com/article/PR-CO-20140415-910530.html
  6. New Alzheimer’s Blood Test May Predict Disease Wtih 90% Accuracy: http://investorplace.com/2014/03/alzheimers-blood-test/#.U013R1djt8E
  7. 18 NC Hospital Patients Exposed to Rare Brain Disease: http://investorplace.com/2014/02/18-nc-hospital-patients-exposed-rare-brain-disease/#.U013IFdjt8E
  8. Farxiga: FDA Approves New Drug for Type 2 Diabetes: http://investorplace.com/2014/01/farxiga-type-2-diabetes-azn-stock/#.U013JVdjt8F

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