Caraco Pharmaceutical Laboratories, Ltd.

Detroit, MI United States

  (NYSE Amex: CPD)

Company Description

Caraco Pharmaceutical Laboratories peddles cheaper versions of prescription drugs. The drug company sells generic knock-offs of a wide variety of pharmaceuticals, including about 40 prescription products in various strengths and dosages. Its product lineup includes treatments for high blood pressure, cancer, nervous system conditions, diabetes, allergies, and pain. Indian drugmaker Sun Pharmaceutical Industries owns a majority stake in the firm and licenses US marketing rights to Caraco for a number of generic drugs. Caraco markets its products throughout the US and Puerto Rico, selling primarily to pharmaceutical wholesalers. However, it has halted manufacturing operations due to regulatory concerns.