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ANI Announces Launch of Paliperidone Extended-Release Tablets
BAUDETTE, Minn., Jan. 14, 2020 /PRNewswire/ -- ANI Pharmaceuticals, Inc. ("ANI") (Nasdaq: ANIP) today announced the launch of Paliperidone Extended-Release
About this update from Ani Pharmaceuticals, Inc.
[{"type":"text","content":"BAUDETTE, Minn., Jan. 14, 2020 /PRNewswire/ -- ANI Pharmaceuticals, Inc. (\"ANI\") (Nasdaq: ANIP) today announced the launch of Paliperidone Extended-Release Tablets, 1.5 mg, 3 mg, 6 mg and 9 mg. The current annual U.S. market for this product is approximately $342 million, according to IQVIA. \nArthur S. Przybyl, ANI's President and CEO commented, \"This is our first generic product launch for 2020 and comes from the portfolio of commercial and pipeline drugs that we recently acquired. The product was developed by Inventia Healthcare Limited as part of a two drug development, manufacturing and commercialization partnership. The launch expands our commercial generic portfolio to 47 drugs.\"\nAbout Paliperidone Extended-Release Tablets\nPaliperidone Extended-Release Tablets is an atypical antipsychotic agent indicated for the treatment of schizophrenia, the treatment of schizoaffective disorder as monotherapy, and as an adjunct to mood stabilizers and/or antidepressants. For more information, including the complete list of indications and usages, please see the Full Prescribing Information.\nAbout ANI\nANI Pharmaceuticals, Inc. (the \"Company\" or \"ANI\") is an integrated specialty pharmaceutical company developing, manufacturing, and marketing branded and generic prescription pharmaceuticals. The Company's targeted areas of product development currently include narcotics, oncolytics (anti-cancers), hormones and steroids, and complex formulations involving extended release and combination products. For more information, please visit our website www.anipharmaceuticals.com. \nForward-Looking Statements \nTo the extent any statements made in this release deal with information that is not historical, these are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements include, but are not limited to, statements about price increases, the Company's future operations, products, financial position, operating results and prospects, the Company's pipeline or potential markets therefor, and other statements that are not historical in nature, particularly those that utilize terminology such as \"anticipates,\" \"will,\" \"expects,\" \"plans,\" \"potential,\" \"future,\" \"believes,\" \"intends,\" \"continue,\" other words of similar meaning, derivations of such words and the use o...