ANIMAL DEPRESSION MEDICATION MARKET ANALYSIS
Key Developments
Increasing product approval and launch of animal depression drugs is expected to boost the market growth. For instance, in August 2019, Lupin Limited launched Fluoxetine Tablets USP, 10 mg and 20 mg, a generic version to Eli Lilly and Company’s Proxac tablets.
Similarly, in February 2019, Lupin Limited announced the launch of Clomipramine Hydrochloride Capsules USP, a generic version of SpecGx LLC’s Anafranil Capsule, having received an approval from the U.S. Food and Drug Administration (FDA) earlier.
Research related to anti-depression drugs is also expected to boost the market. For instance, in July 2019, according to a research published in Lancet Psychiatry, interpretation of depression scale scores may indicate inaccurately that selective serotonin reuptake inhibitors (SSRIs) are not as effective for nonsevere depression.
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