Taro Receives FDA Approval for Ondansetron Hydrochloride Injection USP, 2 mg/mL ANDA

Mar 25, 2008 - Taro Pharmaceutical Industries Ltd. ("Taro," the "Company," Pink Sheets: TAROF) reported today that it has received approval from the U.S. Food and Drug Administration ("FDA") for its Abbreviated New Drug Application ("ANDA") for Ondansetron Hydrochloride Injection USP, 2 mg/mL ("Ondansetron Injection").

Taro's Ondansetron Injection is used for the prevention of nausea and vomiting associated with chemotherapy. This new Taro sterile injectable prescription product is bioequivalent to GlaxoSmithKline's Zofran(R) Injection, 2 mg/mL. Taro's Ondansetron Injection will be manufactured in the Company's sterile facility in Ireland. According to industry sources, branded and generic injectable ondansetron products had U.S. sales of more than $150 million in 2007.