October 13, 2008

Heritage Pharmaceuticals Launches Generic Inderal Tablets

Heritage Pharmaceuticals, a generic pharmaceutical company, has announced the immediate availability of propranolol HCl oral tablets in 10, 20, 40, 60 and 80mg strength.

Propranolol tablets are the generic equivalent of Inderal tablets formerly marketed by Wyeth.

Propranolol has multiple cardiovascular related indications, including the management of hypertension, treatment of angina and atrial fibrillation.

Heritage's development and manufacturing partner, Ipca Laboratories, received final approval of its abbreviated new drug application for an AB-rated equivalent of Inderal in June 2008.

Jeffrey Glazer, president and CEO of Heritage, said: "The launch of propranolol represents the first vertically integrated product from our strategic alliance with Ipca and will enable us to leverage the economies of scale of products made abroad while continuing to provide customers with high quality, cost-efficient generic pharmaceutical products. We are pleased with the strength of Ipca's development and manufacturing expertise and look forward to growing our product portfolio over 2008-09."