Alembic settles patent case with Novartis

Alembic Pharmaceuticals today said it along with Breckenridge Pharmaceutical Inc, USA has settled patent case with Novartis for Rivastigmine Tartrate capsules used for treating dementia.
  • Language
  • App
  • Subscriptions
  • Specials
  • Sign-In
  • Register
GeStepAhead GrowMyMoney
moneycontrol.com

Home » News » Business

Jun 15, 2012, 07.03 PM | Source: PTI

Alembic settles patent case with Novartis

Alembic Pharmaceuticals today said it along with Breckenridge Pharmaceutical Inc, USA has settled patent case with Novartis for Rivastigmine Tartrate capsules used for treating dementia.

Like this story, share it with millions of investors on M3

Alembic settles patent case with Novartis

Alembic Pharmaceuticals today said it along with Breckenridge Pharmaceutical Inc, USA has settled patent case with Novartis for Rivastigmine Tartrate capsules used for treating dementia.

Post Your Comments

Share Cancel

Alembic Pharmaceuticals today said it along with Breckenridge Pharmaceutical Inc, USA has settled patent case with Novartis for Rivastigmine Tartrate capsules used for treating dementia.

The companies have settled their Paragraph IV patent litigation with Novartis for Rivastigmine Tartrate capsules which are a generic version of Exelon capsules of Novartis, Alembic Pharmaceuticals said in a filing to BSE.

Under the terms of the settlement agreement, Novartis has granted the two companies a licence to market their generic capsules before the date of the patent expiry, it added. The companies will launch the product immediately in the American market, Alembic Pharmaceuticals said.

United States Food and Drug Administration (USFDA) has approved their abbreviated new drug application (ANDA). While the Indian firm is the sponsor and manufacturer of the ANDA, the product will be marketed exclusively by Breckenridge.

Rivastigmine Tartrate capsules are prescribed for mild to moderate dementia of Alzheimer's type and mild to moderate dementia associated with Parkinson's disease, the company said. The product will be available in the strengths of 1.5 mg, 3 mg, 4.5 mg and 6 mg, it added.

Shares of Alembic Pharmaceuticals today closed at Rs 53.70 a piece on BSE, up a steep 4.58% from its previous close.

Buy, Hold, Sell ? Hear it first on M3
Alembic settles patent case with Novartis

See all

Get started using your favorite social network

or

Login using moneycontrol ID

Username
Password

Need help logging in? Reset password.

Don´t have an account? Sign Up

Get started using your favorite social network

or

Simply sign up using this short form

* mandatory

UserName*

Username should be atleast 4 character

Password*

Password should be 8 or more characters,
atleast 1 number, 1 symbol & 1 upper case letter

Alert

Your Password should contain
  • 8 or more characters
  • At least 1 number
  • At least 1 symbol
  • At least 1 upper case letter
Confirm Password*
Email
Already have an account? Login