Discontinuing Development Leads To $442m Impairment
• By David Wallace
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Sandoz has decided to discontinue development of its generic version of GlaxoSmithKline’s Advair Diskus respiratory brand, resulting in an impairment charge of $442m.
Sandoz has given up on the race for a generic version of Advair Diskus • Source: Shutterstock
Sandoz has announced that it will no longer pursue a generic rival to GlaxoSmithKline’s Advair Diskus (fluticasone/salmeterol) asthma treatment for the US market.
Announcing that it had discontinued its development program for generic Advair, Sandoz referred to a US Food and Drug Administration...
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