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India's Ranbaxy gets FDA approval for Novartis's Diovan generic

2014-06-27 10:50:23| Chemicals - Topix.net

India's Ranbaxy Laboratories Ltd has received approval from the U.S. Food and Drug Administration to launch a cheaper copy of Novartis AG's blood pressure pill Diovan, bolstering its outlook after a raft of regulatory bans for poor production quality at its India facilities dented investor sentiment.

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