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Home > Company Index > Drugs > Drug Delivery > Able Laboratories, Inc.

Able Laboratories, Inc.
OTC: ABRX
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 PROFILE
Able Laboratories (formerly DynaGen) won't be making house calls any time soon. The company has sold its distribution businesses and is focused solely on making and selling generic drugs (the business of its subsidiary from which the new moniker is derived). The company is looking to tap into well-established markets and under-served niche markets. Its stable of products include a generic version of attention deficit disorder drug Ritalin (made by Novartis), as well as anti-inflammatories and cardiovascular drugs, among others. Able's development efforts are focused on suppositories and difficult-to-make extended release formula products, two arenas in which it believes it will face little competition.

 COMPETITION
IVAX Corporation (IVX)
Pharmaceutical Resources, Inc. (PRX)
Watson Pharmaceuticals, Inc. (WPI)

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 FINANCIAL OVERVIEW
Fiscal Year-End: December
2000 Sales (mil.): 31.50
1-Yr. Sales Growth: 7.9%
Employees: 160
Revenue per employee: $196,875.00

 KEY PEOPLE
• C. Robert Cusick
    CEO
• Dhananjay G. Wadekar
    CFO

 CONTACT INFO
200 Highland Ave.
Needham, MA 02494
US
Phone: 781-449-4926
Fax: 781-890-0118

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