Moneycontrol
Get App
Last Updated : Apr 02, 2019 11:48 AM IST | Source: PTI

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

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

Dr Reddy's Laboratories on April 2 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.

Close

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

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

Time to show-off your poker skills and win Rs.25 lakhs with no investment. Register Now!

First Published on Apr 2, 2019 11:41 am
Sections
Follow us on