Rival puts AstraZeneca under pressure

Pharmaceuticals giant AstraZeneca saw its share price fall 2% today after a rival applied to make a copycat version of its key ulcer treatment.

Rival puts AstraZeneca under pressure
Tue, 18 Oct, 2005 - 14:57

Pharmaceuticals giant AstraZeneca saw its share price fall 2% today after a rival applied to make a copycat version of its key ulcer treatment.

Astra said Ranbaxy Laboratories, based in India, had filed an application to the US authorities to create a rival to Nexium, used to treat stomach ulcers and heartburn.

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CourtsBusinessHeathrowPlace: IndiaPlace: United StatesPlace: CanadaPerson: Morten HerholdtOrganisation: AstraZenecaOrganisation: AstraOrganisation: Ranbaxy LaboratoriesOrganisation: RanbaxyOrganisation: ANDAOrganisation: Reddy’s LaboratoriesOrganisation: Barclays
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