Business Standard
Friday, Jun 01, 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
 

Wockhardt may get rights for two Parkinson's drugs
BS Reporter / Mumbai Apr 30, 2009, 00:17 IST

Settles 3 patent infringement cases out of court.

Habil KhorakiwalaWockhardt today said it had reached an out-of-court settlement on three patent infringement cases in the US with Orion Corporation. The dispute related to two of Parkinson’s disease drug brands, Comtan and Stalevo.

 
Under the agreement, Wockhardt will be able to launch generic versions of Comtan and Stalevo on September 30, 2012, possibly even earlier. Wockhardt is the first generic challenger of Comtan and Stavelo patents and is eligible for 180 days marketing exclusivity upon launch.

According to data from drug sales tracking agency IMS, annual sales of Comtan and Stalevo products in the US were $87 million and $113 million, respectively, as of December 2008.

The agreement is subject to review by the US Department of Justice and the Federal Trade Commission, according to a press release.

According to US rules for selling generic drugs, the generic company which successfully challenges the drug patent of an innovator company gets 180 days exclusive selling rights after the expiry of the patent.

The challenger has to sue the generic player within 45 days to prevent the US drug regulator, the Food and Drug Administration, from allowing the marketing application for the next 30 months.

Orion filed the first lawsuit in the US in 2007. Thereafter, two additional lawsuits were filed in 2008.

Comtan is used in treatment of Parkinson’s disease as an adjunct treatment for patients treated with drugs levodopa and carbidopa. Stalevo is a combination of carbidopa, levodopa and entacapone for treatment of Parkinson’s disease. Both products contain entacapone, an enzyme-inhibiting agent.

Out of court settlements are common in generic drug business. Last year, Pfizer and Ranbaxy settled their dispute over Lipitor, the world’s largest selling drug with annual sales of over $13 billion.

New Ipad Application :Business Standard's all new IPad App
Click here to download for free
Arrow Other Stories     
- Selling pressure intensifies
- Can't arrest Re fall if driven by weak fundamentals: RBI
- Oil sinks below $100 on economy, demand worries
- NPAs set to increase at SBI
- Jeera down 1% on weak export demand
  Read Business news in 
- "Discover The Power of One"
- Help a Child Achieve her. Click to know more
- Benefits Upto Rs. 2.36 Lakhs on the Fully Loaded TJet Petrol.
- Watch The Film Here. Click here to know more..
- A Brand New Server at a Price That Fits Your Budget. Click here
- One Partnership Endless Possibilities. Click here to know more
- 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
   
- Slowdown gets worse, GDP growth sinks to 9-year low
- Ambani of the Gulf bets big on Indian market
- India Inc ready to shift to other side of the dot on www
- Lines cleared for free nationwide roaming, govt to take final call
- M&M has a Rs 7,500-cr spending plan over three years
 
 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