Impax Receives FDA Approval For Generic Version Of Mestinon Timespan Tablets

(RTTNews) - Impax Laboratories Inc. (IPXL) announced that it has received approval from the U.S. Food and Drug Administration or FDA for generic Mestinon Timespan Tablets, 180 mg. The Company is in the final stages of preparing for commercialization of this product through Impax's generic division.

The company stated that Mestinon Timespan Tablets is indicated for the treatment of myasthenia gravis. According to IMS Health (NSP), U.S. sales of Mestinon Timespan Tablets, 180 mg were approximately $45 million for the 12 months ended July 2015.

Fred Wilkinson, President and Chief Executive Office of Impax stated, "We are pleased to receive approval of generic Mestinon Timespan Tablets, as this is the first generic product approved from the Hayward, CA facility following the resolution of the warning letter on September 4, 2015. Our pending pipeline of 31 Abbreviated New Drug Applications at the FDA includes 17 products developed in Hayward. Although we cannot predict the timing of subsequent approvals, we are excited about the potential opportunities within our pipeline of products from this facility."