PHOENIX--(BUSINESS WIRE)--Synovics Pharmaceuticals, Inc. (OTCBB:SYVC), a specialty pharmaceutical company with proprietary technologies for the development of oral controlled-release (OCR) generic and branded oral drugs, today announced that it has initiated the process for U.S. chemical, manufacturing and control (CMC) development of its fourth OCR generic drug candidate, SNG1004. Synovics is developing three doses of SNG1004 (a, b and c), which represent a generic formulation of a branded drug with annualized U.S. sales of approximately $1.5 billion. There currently is no approved generic for the OCR version of this drug.
