By Chris Wack

 

ANI Pharmaceuticals Inc. said it has received Food and Drug Administration approval for the abbreviated new-drug application for rifabutin capsules USP, 150 mg.

The company said its rifabutin capsules are the generic version of the reference listed drug Mycobutin.

The current annual U.S. market for rifabutin capsules USP, 150 mg is about $16.6 million, according to IQVIA/IMS Health.

ANI Pharma said it plans to launch rifabutin capsules immediately.

ANI Pharma shares were up 7% to $50 in premarket trading.

 

Write to Chris Wack at chris.wack@wsj.com

 

(END) Dow Jones Newswires

December 21, 2021 07:25 ET (12:25 GMT)

Copyright (c) 2021 Dow Jones & Company, Inc.
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