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"AstraZeneca Pharma India Ltd has received on December 01, 2016 a notice to extend the date of distribution arrangements for Meronem up to July 31, 2017, during which time the parties shall continue to act in accordance with the terms and conditions of the agreement,"the company said in a BSE filing.
It further added: "The extension is due to the delay in the divestment of AstraZeneca's global rights to Meronem."
Meronem is anti-bacterial used for the treatment of serious infections in hospitalised patients.
In August this year, AstraZeneca Pharma India had said that it will stop selling anti-bacterial drug Meronem in India following a global deal by its parent AstraZeneca UK to sell its small molecule antibiotics business to Pfizer Inc.
The product is currently one of the company's principal products which generated 18 per cent total turnover of the firm in fiscal ended March 31, 2016.
(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)