Teligent, Inc. Announces FDA Approval of Gentamicin Sulfate Ointment USP, 0.1%
Teligent, Inc. (TLGT)
Last teligent, inc. earnings: 11/4 04:15 pm
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Source: GlobeNewswire
BUENA, N.J., Jan. 02, 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 Gentamicin Sulfate Ointment USP, 0.1%. This is Teligent’s thirteenth approval for 2018, and its thirty-second 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 $15.7 million. Teligent plans to launch this product in February of 2019. “2018 was a great year for approvals for Teligent. With this most recent approval Teligent has positioned itself for growth in 2019,’’ commented Jason Grenfell-Gardner, President and CEO of the Company. Mr. Grenfell-Gardner continued, “We now have thirty-seven topical generic pharmaceutical products in the US portf
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