FDA Backs Teva's Generic Nexium In Blow To Ranbaxy

By Jeff Overley (January 26, 2015, 7:46 PM EST) -- The U.S. Food and Drug Administration on Monday approved Teva Pharmaceutical Industries Ltd.'s generic version of AstraZeneca PLC's blockbuster heartburn drug Nexium, prompting an immediate response in D.C. federal court by Ranbaxy Laboratories Ltd., which originally had rights to the lucrative copycat....

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