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Report: FDA scientist charged with insider trading
WASHINGTON — One could say that a job with the Food and Drug Administration would be the perfect way to get information about upcoming drug approvals and use it to profit handsomely from buying stock in the companies that manufacture the drugs before the information reaches the public.
Of course, the Securities and Exchange Commission would consider that illegal insider trading, as one FDA scientist recently discovered.
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Dr. Reddy's generic Xyzal hits market
HYDERABAD, India — Indian generic drug maker Dr. Reddy’s Labs has launched a generic treatment for seasonal allergies, the company said Tuesday.
Dr. Reddy’s announced the launch of levocetirizine tablets in the 5-mg strength. The drug is a generic version of UCB’s and Sanofi-Aventis’ Xyzal.
Levocetirizine had sales of about $238 million during the 12-month period ended in September 2010, according to IMS Health.