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FDA OKs generic versions of Novartis' Gilenya

Dec. 05, 2019 3:45 PM ETNovartis AG (NVS) StockNVSBy: Douglas W. House, SA News Editor
  • The FDA approves generic versions of Novartis' (NVS +0.2%) MS med Gilenya (fingolimod) made by HEC Pharm Co., Ltd., Biocon Limited and Sun Pharmaceutical Industries Limited.
  • The sphingosine 1-phosphate receptor modulator accounted for almost 7% of the company's Q3 revenues of $12,172M and over 11% of its Innovative Medicine sales of $7,286M.

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