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Generic "Valtrex" on the Immediate Horizon

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Mylan on the Generic Attack

It was a busy day for generic drugmaker Mylan Laboratories (NYSE: MYL), which announced four separate news releases today. First came news of a management shakeup in conjunction with its acquisition of Indian generic drugmaker Matrix Laboratories. Mylan followed that up with two more approvals -- one to market a generic version of GlaxoSmithKline's (NYSE: GSK) antiviral herpes treatment Valtrex, and another to market a generic version of Alza's Duragesic pain patch. (Alza is a subsidiary of Johnson & Johnson (NYSE: JNJ).)

But it is the news that a piece of legislation was introduced in the Senate yesterday that might have the biggest effect on Mylan and competitors like Barr Pharmaceuticals (NYSE: BRL), and the future of the generic-drug industry as a whole. This legislation would outlaw the practice of pharmaceutical companies launching authorized generic versions of their branded drugs.

for the rest...


Tentative FDA Approval for Teva Pharmaceutical's Generic Valtrex

Teva Pharmaceutical Industries Ltd. (NASDAQ:TEVA) announced that it has received tentative approve for its generic version of Valtrex.

Manufactured by GlaxoKleinSmith, the patent for Valtrex expires in December and final approval for the generic version is expected at that time. Mylan Laboratories Inc. (NYSE:MYL) has also received tentative FDA approval for generic Valtrex. Valtrex is used in the treatment of herpes zoster (shingles), genital herpes and herpes labialis (cold sores).

Total sales of Valtrex were about $1.3 billion last year.


*note: the Valtrex patent expires in June 2009, not December of 2008. I believe that got an extension or that this article is incorrect.

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Doubt it'll be on the Walmart $4 list anytime soon. Those generic 200mg Acyclovir capsules due just as good a job as Valtrex.

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