FDA approves generic of AstraZeneca drug Nexium

January 28, 2015 1:14 AM

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After nearly 15 years on the market, AstraZeneca's popular "purple pill," Nexium, will face generic competition.

Teva Pharmaceuticals, an Israeli generics manufacturer with American headquarters in North Wales, Pennsylvania, won FDA approval on Monday to market its lower-cost version of the drug.

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