US FDA approves drug developed by Indian-American's firm

 

by IANS |

Washington, June 22 (IANS) The US Food and Drug Administration (FDA) has approved a drug manufactured by the Virginia-based Sarfez Pharmaceuticals, which is owned by Indian-American Salim Shah, a media report said.

According to the company, the drug called SoanzXR "provides a new treatment option to people suffering from heart failure who experience persistent edema, swelling in the lower limbs and abdomen, despite a loop diuretic therapy, as well as patients with chronic kidney disease", the American Bazaar media outlet reported.

Speaking the outlet on Monday, Shah said drug will hit the market in a couple of months.

He added that the drug received the FDA approval on June 17 after the company had applied for the green-light in 2019.

Clinical trials had commenced last year.

"Soaanz is specifically formulated to reduce excessive urination in heart failure patients," Shah, a resident of Vienna, Virginia, told the American Bazaar.

"We believe that for many of these patients who are aged 65 and older, the new treatment option now approved by the FDA offers tremendous benefits."

According to the US Centers for Disease Control and Prevention, heart failure affects nearly 1.8 per cent of the country's population, or about 5.7 million Americans.

Latest News
Pakistan's political system fails to allow women to lead Sun, Apr 12, 2026, 05:29 PM
Asha Bhosle was an iconic voice in Indian cinema: Pawan Kalyan Sun, Apr 12, 2026, 05:25 PM
Women's participation in flexi IT jobs rises to 40 pc in FY26: Report Sun, Apr 12, 2026, 05:19 PM
Asha Bhosle's 'immortal songs will forever resonate in our hearts': Union Ministers Sun, Apr 12, 2026, 05:09 PM
No deal in US-Iran talks, says JD Vance Sun, Apr 12, 2026, 04:35 PM