Sun Pharma earns FDA approval for generic diabetes treatment

The Food and Drug Administration recently approved Sun Pharmaceuticals' metformin hydrochloride tablets to improve glycemic control in adults with Type 2 diabetes.

The drug is intended to help control high blood sugar when paired with diet and exercise.

The tablets are a generic equivalent of Raleigh, N.C.-based Santarus' Glumetza tablets, which post annual sales of about $1.2 billion in the United States.

Mumbai, India-based Sun Pharmaceuticals expects to launch the tablets within the next few weeks.

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