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« on: March 02, 2011, 11:50:13 am »
Mylan gets FDA approval for generic Neurontin
Feb. 28, 2011

 Mylan Inc. said Monday its Matrix Laboratories unit received Food and Drug Administration approval to market a generic version of Pfizer Inc.'s drug Neurontin.

Neurontin was originally approved as a treatment for seizures and more recently cleared for pain caused by shingles. The generic name for the drug is gabapentin.

Mylan received approval to market 100-milligram, 300-milligram, and 400-milligram doses of the capsules. The company said the drug had $300 million in sales for the 12-month period ending Dec. 31, according to IMS Health.

Mylan plans to launch the generic version immediately.

Shares of Mylan rose 4 cents to $22.65 in afternoon trading.
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