ME:TAB) (TSE:TAB) ("Technilab") announced today that they have signed a licensing agreement for the marketing in Canada, as well as key markets in Africa, the Middle and Far East and the Eastern European countries, of Biovail's generic versions of Trental (Pentoxifylline SR), Verelan (Verapamil SR) and Cardizem SR
The continuing success of Tiazac(R); the expected success of Biovail's generic controlled release versions of Cardizem SR
, Cardizem CD, Trental and Verelan currently pending FDA approval; and the potential of the company's additional eight products in various stages of development, will all contribute to the ongoing success of the company.
The Company's twice-daily generic version of Cardizem SR
, used in the treatment of hypertension was previously filed in the second quarter.
Elan is best known for developing the advanced drug delivery technology used in Cardizem SR
(diltiazem hydrochloride), Cardizem CD (diltiazem hydrochloride), and Verelan (verapamil hydrochloride) -- all anti-hypertensive treatments.