Teligent, Inc. Announces FDA Approval of Fluocinonide Gel, 0.05%
Teligent, Inc. (TLGT)
Last teligent, inc. earnings: 11/4 04:15 pm
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Source: GlobeNewswire
BUENA, N.J., June 20, 2018 (GLOBE NEWSWIRE) -- Teligent, Inc. (NASDAQ:TLGT), a New Jersey-based specialty generic pharmaceutical company, today announced it has received approval of the Company’s abbreviated new drug application (ANDA) from the U.S. Food and Drug Administration (FDA) of Fluocinonide Gel, 0.05%. This is Teligent’s sixth approval for 2018, and its twenty-fifth approval from its internally-developed pipeline of topical generic pharmaceutical medicines. Based on recent IQVIA data from April 2018, the total addressable market for this product is approximately $6.2 million. “Fluocinonide Gel, 0.05% is Teligent’s sixth FDA approval in 2018,’’ commented Jason Grenfell-Gardner, President and CEO of the Company. “This is yet another demonstration of Teligent’s ability to successfully develop products internally and to get those products successfully through the approval process. We are planning to launch this product in the third quarter of 2018.” Mr. Grenfell-Gardner c
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