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Ranbaxy receives final approval for simvastatin in Canada

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Executive Summary

Ranbaxy Laboratories has received final approval from Health Canada's Therapeutic Products Directorate to manufacture and market the lipid metabolism regulator, Ran-Simvastatin 5mg, 10mg, 20mg, 40mg and 80mg tablets (simvastatin), there. The company expects to launch Ran-Simvastatin in September at an affordable price that would benefit the Canadian healthcare system and patients. The generic market for simvastatin tablets in Canada is estimated at Cdn$153 million ($138.2 million).

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