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Teva wins FDA approval for generic asthma drug

Teva Pharmaceutical Industries, a generic pharmaceutical company, has received the FDA approval for the company's abbreviated new drug application to market its generic version of AstraZeneca's Pulmicort Respules, 0.25mg/2ml and 0.5mg/2ml indicated for twice daily treatment of asthma.

Shipment of these products has commenced. Teva is currently involved in patent litigation concerning this product in the US District Court of New Jersey. A trial has been scheduled for January 12, 2009.