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Dr Reddy's settles case with US-based Celgene related to cancer drug

Press Trust of India  |  New Delhi 

Dr Reddy's Laboratories Tuesday said it has entered into a confidential settlement agreement with the US-based biotechnology firm Celgene for its abbreviated new drug submissions (ANDS) related to a generic version of REVLIMID brand capsules pending before Health Canada.

REVLIMID (Lenalidomide) is indicated for treatment for multiple myeloma (cancer).

"Pursuant to this confidential settlement, the parties agreed to discontinue all legal proceedings involving certain of Celgene's Canadian patents related to Lenalidomide and the company's ANDS for a generic version of Celgene's Lenalidomide capsules pending before Health Canada," Dr Reddy's said in a BSE filing.

Dr Reddy's Laboratories said other terms of the agreement are confidential.

Shares of Dr Reddy's Laboratories were trading 0.06 per cent lower at Rs 2,789.40 apiece on the BSE.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Tue, April 02 2019. 11:40 IST