Mumbai, Sep 11 (UNI) Pharma major, Zydus Cadila on Friday said that it has received final approval from the USFDA to market Doxorubicin Hydrochloride Liposome Injection in the strengths of 20 mg/10 mL (2 mg/mL) and 50 mg/25 mL (2 mg/mL) Single-Dose Vials.

This is the group's first approval for a complex injectable which has been developed in-house and will be manufactured at group's facility located in SEZ, company said in a filing with BSE.

The Company's injectable portfolio has 39 products under development with an addressable market size of USD20bn. U.S. sales for Liposomal Doxorubicin Injection were approximately USD124 million for the 12 months ending July 2020, according to IQVIA.

UNI JS SB 1508

Speaking on the development, Managing Director, Dr. Sharvil Patel said, "This FDA approval of Liposomal Doxorubicin Injection demonstrates our long-term commitment to drive growth through investment in complex generic products. The approval further builds on Zydus' proven track-record of successfully commercializing and gaining meaningful market share in complex generics products, we expect our long term investment reap dividends, as we create an industry leading portfolio of complex products. Through this investment, we have created a diversified portfolio of complex ANDAs. This portfolio provides continued opportunities to grow our US business in 2021 and beyond." Through its long-term investments & focus on innovation, Zydus has created an industry leading portfolio of complex injectable products, drug device combination products, topicals, transdermal patches, difficult-to-develop solid oral products and first-to-file products.

Liposomal doxorubicin is a chemotherapeutic agent that is used alone or with other treatments/medications to treat certain types of cancer such as ovarian cancer, AIDS-related Kaposi's sarcoma and multiple myeloma. It works by slowing or stopping cancer cell growth.