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FDA Yanks Ranbaxy's Approvals For Generic Nexium, Valcyte

By Jeff Overley (November 6, 2014, 7:17 PM EST) -- The U.S. Food and Drug Administration on Thursday announced it has rescinded tentative approvals given to India-based Ranbaxy Laboratories Ltd. for generic versions of AstraZeneca PLC's Nexium and Genentech Inc.'s Valcyte, a highly unusual development that compounds the troubled drugmaker's woes....

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