Saturday, November 18, 2006

.FDA Approves First-Time Generic:

ALTANA Inc. and the FDA announced friday that Sulfacetamide Sodium Topical Suspension USP, 10%, will be available as generic.

Drug name Plexion is indicated for the treatment of acne and rosacea.
Plexion TS Emulsion is a sulfonamide antibiotic and keratolytic. It works by killing bacteria and shedding the top layer of skin to help treat acne.

The generic is made by Altana, Inc. and trades on the New York Stock Exchange under the ticker symbol AAA. AAA was down at friday's close to 57.91.

I would have assumed that a first time generic would have had a bigger impact on the trading price. The generic drug is made by Altana's generic department under the name fougera.

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