Glenmark settles patent dispute with Sepracor

Image
BS Reporter Mumbai
Last Updated : Jan 21 2013 | 4:14 AM IST

Glenmark has entered into a settlement agreement with US-based Sepracor on a patent litigation suit related to the generic versions of insomnia drug eszopiclone, which Sepracor markets under the brand name, Lunesta.

Glenmark would be permitted to launch its generic product after November 30, 2013, two and a half month prior to the expiry of Sepracor’s US patent, or May 30, 2014, if Sepracor obtains pediatric exclusivity for Lunesta, according to a Glenmark statement.

Lunesta is sold in 1mg, 2mg and 3mg tablets and is indicated for the treatment of insomnia. According to IMS Health data for the year ending March 2010, Lunesta had annual sales of $741 million and was the second-highest selling branded prescription medication in its class.

The decision would be upon approval and entry of a consent Judgment and order of permanent injunction by the United States District Court for the District of New Jersey, said Glenmark.

The settlement and licence agreement would permit Glenmark to launch its generic product earlier under certain circumstances.

“The court’s approval of the proposed consent judgment and order of permanent injunction would dismiss Sepracor’s and Glenmark’s respective claims and defences without prejudice in the consolidated litigation currently pending against Glenmark and other defendants,” said Glenmark.

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Aug 10 2010 | 1:24 AM IST

Next Story