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 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.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
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
