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US FDA approves generic cholesterol-lowering pill

Nod for generic Crestor deals blow to AstraZeneca as price could drop 80-90%

Published Thu, Jul 21, 2016 · 09:50 PM

New York

THE US Food and Drug Administration (FDA) said on Wednesday that it had approved generic versions of the blockbuster cholesterol-lowering pill Crestor, rejecting a last-ditch and controversial effort by AstraZeneca to stop cheaper competition from reaching pharmacy shelves.

The move should considerably decrease the price of the drug and result in a sharp loss of market shar…

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US FDA approves generic cholesterol-lowering pill

Consumer & Healthcare

Billionaires selling cheap stuff get richer from inflation pain

Amazon to push cashierless shopping tech into more third-party stores, while backing off itself

Japan’s Uniqlo opens Rome store as part of European expansion

Abbott beats quarterly profit estimates on strong medical device sales

Adidas shares surpass two-year high as 'terrace' sneaker trend boosts brand heat

LVMH’s first quarter sales growth slips to 3% on luxury slowdown

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