Indoco Remedies obtains FDA OK for generic Zyprexa

Patients with certain mental health conditions have a new generic treatment option.

The Food and Drug Administration has given thumbs up to Indoco Remedies for olanzapine tablets in dosage strengths of 2.5 mg, 5 mg, 7.5 mg, 10 mg, 15 mg and 20 mg.

The product is the generic of Eli Lilly’s Zyprexa.

Olanzapine is indicated for the treatment of schizophrenia and bipolar disorder. The drug may also be used in combination with other medication to treat depression and certain mental conditions.

Olanzapine tablets have a market value of $65 million, according to IQVIA data.

“The receipt of approval from the U.S. health regulator to market the generic version of olanzapine tablets is very encouraging and will further supplement the solid dosage business for Indoco in the United States," Aditi Kare Panandikar, Indoco Remedies’ managing director said.