Business Standard
Saturday, Nov 21, 2009
 
drived banner
drived banner
  Advanced Search
Feedback | 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 | Smart Portfolios II
  Search:

Lupin settles antidepressant drug litigation with Wyeth
BS Reporter / Mumbai May 12, 2009, 0:54 IST

Kamal SharmaWins exclusive rights to Effexor XR for 180 days beginning June 2011.

 
 
News Now
Paper
Specials
- Sensex makes remarkable recovery, regains 17K
- India attaches high priority to ties with US: PM
- Tentative recovery raises questions about reforms
- Indian appointed to key IMF post
- Scientists find link between insulin, core body temperature
More  

Lupin, a generic drug maker, has settled all patent litigation with US drug maker Wyeth for Effexor XR capsules, the US firm’s branded anti-depressant.

“According to the terms of the settlement, Lupin will be licensed to launch a copycat version of the drug in the US after June 1, 2011,” Lupin said in a statement. Under certain circumstances, the Indian drug-maker can also launch the product five months earlier (January 1, 2011).

“The settlement with Wyeth is in line with our growth strategies and will help us further strengthen our product pipeline and build strong market positions in the US,” said Kamal Sharma, managing director, Lupin.

Venlafaxine is the generic name of Wyeth’s blockbuster anti-depressant drug, Effexor XR. The original licence-holder, Wyeth, reported sales of $3.01 billion for Effexor XR in 2008, acccording to the statement by Lupin. The drug accounted for 17 per cent of Wyeth’s revenues last year. The company didn’t provide financial details of the settlement.

Lupin had challenged Wyeth’s US patents on Effexor XR under the Hatch-Waxman Act, which allows copycat drug-makers to challenge the patents granted to original owners. If the challenger wins, it gets exclusive rights to sell the drug for 180 days.

As Wyeth’s product patent on venlafaxine, the key ingredient in the drug, expired in 2008, Lupin challenged Wyeth’s US patent Nos 6,274,171, 6,403,120 and 6,419,958. The Indian firm said these patents were either invalid or had not been infringed. This resulted in the subsequent litigation by Wyeth.

The original patent holder contended that Lupin would be infringing on the three patents, which are slated to expire in 2017.

Arrow Other Stories     
- Sensex makes remarkable recovery, regains 17K
- F&O Outlook: Expect firework in Dec series
- Obama's approval goes below 50% in Gallup Poll
- Tata, Honeywell's David Cote to co-chair Indo-US CEO Forum
- India third largest economy by 2050: Carnegie Endowment
More  
  Read Business news in 
  Get financial advisory and solutions for your projects
  Holidays starting at a delightful EMI of Rs 3481
  Switch on and say hello to Monday morning !
  Your dream home can now be a reality.
  Visit Fortis for a preventive health check-up & get a 20% discount.
  Follow the ups and downs of your investments. Try our new Portfolio Tracker
  Kolkata Dock \ Freight contract for the British Gurkhas Nepal
  Find how Midsize Businesses use ERP to gain competitive advantage
  Trading in Forex is now as easy as 1-2-3
  Discover an economical and cost effective way to market your products and services
  Giftwithlove.com: Same day delivery of Flowers and Cakes to India
  Download the E-book on the Future of Business Intelligence
  Learn Best Practices for improving customer satisfaction
  Know your customers better... download the free e-book on CRM
   Discussion Board / User Comments    
Display Name  Email-Id  
Post your comment
Varun
What is 180-days exclusivity here? Almost similar settlement agreements had been made for the same drug by Wyeth with Impax Labs and Anchen Pharmaceuticals. Also, Wyeth made settlement with Teva for the same drug and licensed Teva to launch the generic version on July 01, 2010.
Reply
Most Popular
Read
E-Mailed
Commented
   
- Bharti Airtel slashes roaming rates by 60%
- Govt may allow private sector investment in education
- Suzlon Energy's three promoters pledge 2.8 cr shares
- Network18 lays off 200 staffers
- Patni may host all IT services on 'cloud'
 
 More  
BS Poll
Cast Your Vote
 
   
 
Should India's defence sector be thrown open to foreign investments?
  Yes  No
Submit

  Hot Searches  
 
Amitabh Bachchan | N Chandrasekaran | Swine Flu | Mukesh Ambani | Anil Ambani | TCS | Infosys |  Air India |  Duronto |  Pranab Mukherjee | Sonia Gandhi | Congress | Rahul Gandhi |  Bigg Boss |  New Pension Scheme |  Service tax |  Excise duty |  Sebi | Tech Mahindra |  Ramalinga Raju |  Satyam |  Reliance  |  RBI |  GDP |  Gold |  Ratan Tata |  ICICI |  |  B-School | DLF  Sensex |  Tax calculator | Home Loan  | Bollywood | Personal Finance |  inflation | oil prices |  World Bank | Reliance Infratel |  HDFC |  Barack Obama  
 
  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
FOR HOT PRODUCTS
BS Bazaar.com
Home | Markets & Investing | Companies & Industry | Banking & Finance | Economy & Policy | Opinion
Life & Leisure | Management & Marketing | Tech World
About Us | Partner With Us | Code of Conduct | Careers | Advertise with us| Terms & Conditions | Disclaimer | Site Map | Contact Us | Feedback