Amneal & PL Developments Launch Store Brand Program of Over-the-Counter (“OTC”) Diclofenac Sodium Topical Gel, 1%
October 08 2020 - 8:00AM
Business Wire
Amneal Pharmaceuticals, Inc. (NYSE: AMRX) (“Amneal’ or the
“Company”) and PL Developments (PLD) today announced that they have
commenced shipments of store brand equivalent Voltaren® Arthritis
Pain Gel (diclofenac sodium topical gel, 1%) in 50, 100 and 150g
laminate tubes following FDA clearance. Amneal and PLD have
partnered to bring this important product to US retailers.
Voltaren® Arthritis Pain was switched OTC in February of 2020,
making it available to US consumers without a prescription. Prior
to switching OTC, sales of diclofenac sodium topical gel, 1%
totaled approximately $250 million.
“We, along with our partners at PLD, are excited to announce the
launch of the first brand matching portfolio of store brand
Voltaren® OTC,” said Chirag and Chintu Patel, Co-Chief Executive
Officers. “We were the first to market generic Voltaren Gel in 2016
and are pleased to launch an OTC version. This represents another
example of Amneal’s commitment to bringing affordable generic
medicines to US consumers.”
Mitch Singer, CEO of PL Developments, said, “We are thrilled to
expand our product partnership with Amneal. By working together, we
are able to bring the first truly brand matching portfolio of store
brand Voltaren® OTC to US retailers. This successful launch
continues our commitment to bringing valuable and affordable
products to our retail partners and to US consumers.”
About Amneal
Amneal Pharmaceuticals, Inc. (NYSE: AMRX), headquartered in
Bridgewater, NJ, is a fully-integrated pharmaceutical company
focused on the development, manufacturing and distribution of
generic and specialty drug products. The Company has operations in
North America, Asia, and Europe, working together to bring
high-quality medicines to patients primarily within the United
States.
Amneal has an extensive portfolio of approximately 250 product
families and is expanding its portfolio to include complex dosage
forms, including biosimilars, in a broad range of therapeutic
areas. The Company also markets a portfolio of branded
pharmaceutical products through its Specialty segment focused
principally on central nervous system and endocrine disorders.
The Company also owns 65% of AvKARE. AvKARE provides
pharmaceuticals, medical and surgical products and services
primarily to governmental agencies, primarily focused on serving
the Department of Defense and the Department of Veterans Affairs.
AvKARE is also a packager and wholesale distributor of
pharmaceuticals and vitamins to its retail and institutional
customers who are located throughout the United States focused
primarily on offering 340b-qualified entities products to provide
consistency in care and pricing. For more information, visit
www.amneal.com.
About PLD
Founded in 1988, PL Developments is a top manufacturer, packager
and distributor of store-brand OTC pharmaceutical and consumer
healthcare products. PLD is a U.S. based manufacturer, packager and
distributor of pharmaceutical products, with a focus on serving US
retailers in their store brands. Operating 7 sites and offering
more than 300 unique products across various dosage forms and
therapeutic categories, PLD is a leading supply of over the counter
pharmaceutical products. For more information, visit
www.pldevelopments.com.
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amended). Such forward-looking statements include statements
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inaccurate or known or unknown risks or uncertainties materialize,
actual results could vary materially from the expectations and
projections of Amneal. A list and descriptions of these risks,
uncertainties and other factors can be found in the Company’s most
recently filed Annual Report on Form 10-K for the fiscal year ended
December 31, 2019, as supplemented by any subsequently filed
Quarterly Reports on Form 10-Q. Copies of these filings are
available online at www.sec.gov, www.amneal.com or on request from
the Company.
Forward-looking statements included herein speak only as of the
date hereof and we undertake no obligation to revise or update such
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version on businesswire.com: https://www.businesswire.com/news/home/20201008005160/en/
Tasos Konidaris EVP, Chief Financial Officer
invest@amneal.com
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