Teligent, Inc. Announces FDA Approval of Clobetasol Propionate Ointment USP, 0.05%
Teligent, Inc. (TLGT)
Last teligent, inc. earnings: 11/4 04:15 pm
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Source: GlobeNewswire
BUENA, N.J., Jan. 24, 2019 (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 Clobetasol Propionate Ointment USP, 0.05%. This is Teligent’s first approval of 2019, and its thirty-third approval from its internally-developed pipeline of topical generic pharmaceutical medicines. Based on recent IQVIA data from November 2018, the total addressable market for this product is approximately $70.5 million. Teligent plans to launch this product in January of 2019. “The first approval of 2019 is an important one for Teligent as we continue on our growth trajectory,’’ commented Jason Grenfell-Gardner, President and CEO of the Company. Mr. Grenfell-Gardner continued, “We now have thirty-eight topical generic pharmaceutical products in the US portfolio, in addition to our four US in
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