Business Standard
Saturday, May 26, 2012
drived banner
drived banner
  Advanced Search
RSS
Content Guide
Follow us on  
||Companies & Industry||||||| 
 Section Home | News Now | Today's Paper | Q&A | People in the News | Industry News | Features | The Compass | Research & Analysis | Opinion | Corporate Results
Home > Companies & Industry Live Markets | Commodities
 

AstraZeneca ordered to pay attorney's fees to Dr Reddy's
BS Reporter / Mumbai Apr 02, 2010, 01:35 IST

Drug major AstraZeneca has been ordered to pay attorney’s fees by a US court to Dr Reddy’s Laboratories (DRL) for bringing a “frivolous” and “baseless” patent infringement suit against the latter.

AstraZeneca’s litigation was to prevent DRL from launching a generic version of heartburn drug Prilosec’s (omeprazole magnetium) over the counter (OTC) version.

BSE | NSE
Price  
AstraZeneca Pharma,Dr Reddys Labs
 
 
 
Related Stories
News Now
Judge Colleen McMahon of the US District Court for the Southern District of New York issued an order in favour of DRL, said reports from the US.

In a summary judgment two weeks ago, the same district court of the southern district of New York had ruled that the marketing application filed by DRL did not infringe the patent rights of AstraZeneca drug ‘Prilosec OTC’. The Prilosec OTC brand has an annual sales of over $360 million in the US market. “The recent ruling is a vindication of the position which Dr Reddy’s has taken throughout the case. We are pleased with the outcome of the case,” said a spokesperson at DRL.

The US Food and Drug Administration granted approval to DRL’s Abbreviated New Drug Application (ANDA) for Omeprazole Mg OTC in last July.

DRL started shipment of the product in December 2009. Apart from DRL, only Perrigo Pharma has launched a generic version in the US, said sources.

DRL’s formulation contains 20.6 mg omeprazole and the dosage form is a capsule.

New Ipad Application :Business Standard's all new IPad App
Click here to download for free
Arrow Other Stories     
- Markets end flat
- IFC plans to invest in Malaysia's Khazanah healthcare arm
- Cong leaders must work together for winning elections: Scindia
- Hotel Leelaventure redeems outstanding bonds worth $41.6 mn
- Ex-Galleon portfolio manager testifies against Rajat Gupta
  Read Business news in 
- Journey on, We are by Your Side. Click here to know more
- 2 Lac Apartments, 1 Lac House / Plots. Click here
- Benefits Upto Rs. 2.36 Lakhs on the Fully Loaded TJet Petrol.
- The Best Seller is Also the No. 1 in Mileage. Click here
- Watch The Film Here. Click here to know more..
- Leader in Passenger Car & Automobile Tyres. Click here
- 1 billion in saving for Unilever without any tangles.
- A Brand New Server at a Price That Fits Your Budget. Click here
- Learn How One City is Running on FOOD SCRAPS.
- One Partnership Endless Possibilities. Click here to know more
- Helping doctors detect diseases earlier, saving costs & extending lives.
- 36 Lakhs can get you a pool of Luxuries. Click here
- Which is the best plan for your daughter
- Check out the TRUE COLOURS of your Stocks, Now for FREE!
- One of the leading business schools in the world.Know More
Sorry, comments to this story are closed
Latest Messages
Table for Two
  Now available at Special price
  Rs.280/- Only

  Buy Now
BS POLL
UPA 2 has completed three years. How do you rate its performance?  Read the story
  Good
  Average
  Bad
Submit
Most Popular
Read
E-Mailed
Commented
   
- Astronomers seize last chance in lifetime for Venus Transit
- FIIs bet heavily in Indian market, but in Singapore
- Reddy rules out rollback of rise in petrol prices
- IPL on turning track, broadcast revenue down by a third
- Ajit Singh meets striking pilots
 
 More  
Tax Shastra
  Now available at Special price
  Rs. 360/- Only

  Buy Now
 
  Member Area Write to the Editor RSS Archives Advanced Search
  Subscribe to BS print product BS e-paper Newsletter Portfolio Tracker
  BS Products BS Hindi BS Motoring BS Books
Home | Markets & Investing | Companies & Industry | Banking & Finance | Economy & Policy | Opinion
Life & Leisure | Management & Marketing | Tech World | General News
About Us | Partner With Us | Code of Conduct | Careers | Advertise with us| Terms & Conditions | Disclaimer | Contact Us