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Eli Lilly and Company (LLY) Gets A Huge Blow As FDA OKs Cymbalta Generics


12/12/2013 7:28:13 AM

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The U.S. Food and Drug Administration on Wednesday approved generic versions of Eli Lilly and Co's antidepressant Cymbalta, the U.S. drugmaker's biggest-selling product. The drug, which has annual sales of about $5 billion, was expected to lose patent protection this month. The FDA said it approved cheaper versions of the drug, known chemically as duloxetine, in a variety of strengths for sale by several generic drugmakers, including Teva Pharmaceutical Industries Ltd, Aurobindo Pharma Ltd, Dr. Reddy's Laboratories Ltd, Lupin Ltd, Sun Pharmaceutical Industries and Torrent Pharmaceuticals Ltd.

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