FDA approves Dr. Reddy’s heartburn generic

HYDERABAD, India The Food and Drug Administration has approved a generic version of the OTC formulation of AstraZeneca’s Prilosec.

Indian generic drug maker Dr. Reddy’s Labs announced Tuesday the approval of its omeprazole magnesium in the 20.6 mg strength, which is used to treat heartburn.

The company said it expects to begin shipment of the drug in second quarter of its fiscal year 2010.