Mylan Pharmaceuticals, Inc. Receives Health Canada Approval for Generic Version of Crestor®
Published: Mar 16, 2012
"We are very pleased to introduce Mylan-Rosuvastatin to the Canadian market," said Dick Guest, president of Mylan Canada. "According to the Canadian Heart and Stroke Foundation, 'about 40% of Canadians have high blood cholesterol.' Not only does this introduction provide Canadians with access to our quality medicine, it does so at a substantially lower cost. The introduction of generic medicines like Mylan-Rosuvastatin helps to contribute to a sustainable health care system."
Currently, Mylan Canada has 42 product applications pending Health Canada approval representing $3.6 billion in annual sales, according to IMS Health.
In Canada, generic drugs cost consumers an average of 60% less than their brand name counterparts.
Mylan-Rosuvastatin is contraindicated in patients who are hypersensitive to it and in patients with active liver disease. Pregnant women or women wishing to become pregnant should not take Rosuvastatin, as well as patients taking cyclosporine.
Mylan Inc. ranks among the leading generic and specialty pharmaceutical companies in the world and provides products to customers in more than 150 countries and territories. The company maintains one of the industry's broadest and highest quality product portfolios supported by a robust product pipeline; operates one of the world's largest active pharmaceutical ingredient manufacturers; and runs a specialty business focused on respiratory, allergy and psychiatric therapies. For more information about Mylan in Canada, please visit www.mylan.ca. For more information about generic drugs, please visit www.ChoosingGenerics.ca.
SOURCE Mylan Pharmaceuticals ULC