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    HomeNewsBusinessMarketsUnichem Laboratories rises 9% on settlement agreement with Eli Lilly

    Unichem Laboratories rises 9% on settlement agreement with Eli Lilly

    Under the settlement agreement, company expects to launch its generic tadalafil product in the United States on or not before March 26, 2019 under certain circumstances.

    Moneycontrol News
    June 20, 2018 / 14:10 IST
    Representative image.

    Shares of Unichem Laboratories added 9 percent intraday Wednesday as company entered in to settlement agreement with Eli Lilly.

    The company has entered into a settlement agreement with Eli Lilly & Company and ICOS Corporation to resolve their patent litigation in the United States District Court for the District of New Jersey regarding company's abbreviated new drug application for generic tadalafil (Cialis).

    Under the settlement agreement, company expects to launch its generic tadalafil product in the United States on or not before March 26, 2019 under certain circumstances.

    At 14:06 hrs Unichem Laboratories was quoting at Rs 254.95, up Rs 18.10, or 7.64 percent.

    Posted by Rakesh Patil
    Moneycontrol News
    first published: Jun 20, 2018 02:10 pm

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