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Approvable Letter Issued For Next Generation Beta-Blocker Nebivolol
Robert J. Coury, Vice Chairman and Chief Executive Officer for Mylan Laboratories stated, "This is obviously an extremely important milestone for Mylan and its shareholders and is the direct result of the hard work and commitment of our employees. Nebivolol is a valuable asset to our organization and we look forward to continuing to work diligently with the FDA to gain final approval. We also look forward to providing additional information on our plans for this next generation beta-blocker as part of our investor presentation on June 14."
Final approval of nebivolol is contingent upon successfully satisfying additional FDA requirements regarding certain aspects of the pre-clinical data and finalization of the labeling. The pre-clinical data submitted in the NDA was based upon studies previously conducted by Janssen Pharmaceutica N.V. Belgium (currently Johnson & Johnson Pharmaceutical Research and Development Beerse), the company from whom Mylan licensed the product. Currently Mylan is conducting a pre-clinical study designed to address questions posed by the FDA. "We believe that the data from the ongoing pre-clinical study will satisfactorily resolve the FDA's questions," said John O'Donnell, Ph.D, Chief Scientific Officer for Mylan Laboratories. "We will be responding to the FDA in an expeditious manner to move forward with the hypertension approval process."
Source: Mylan Laboratories Inc.