Today, Alvogen has launched the first generic equivalent to Tamiflu® (oseltamivir phosphate) capsules in the United States. Alvogen expects the generic equivalent to Tamiflu® capsules to deliver significant savings for patients and health providers of up to $500 million during this upcoming season. The product is available in three strengths (30 mg, 45 mg and 75 mg).
Robert Wessman, Chairman and CEO of Alvogen, commented:
Alvogen currently has 79 products in development and pending FDA approval for the U.S. market. Annual brand sales for filed products and those under development have current brand sales exceeding $25 billion, according to IMS Health (2015).
A consortium of investors, led by CVC Capital Partners and including Singapore-based investment company Temasek and Vatera Healthcare Partners, acquired a majority stake in Alvogen in June 2015. Alvogen is currently one of the fastest growing pharmaceutical companies in the world, with a commercial presence in 35 countries and a well targeted portfolio of difficult-to-make generics and branded pharmaceuticals.
*Tamiflu is a registered trademark of Hoffman La-Roche Inc. Corporation. Alvogen is not affiliated with Hoffman La-Roche Inc.