HomeNewsBusinessStocksDr Reddys falls, Genzyme files infringement suit against co

Dr Reddys falls, Genzyme files infringement suit against co

Genzyme, a fully-owned subsidiary of drug major Sanofi-Aventis, alleged that the Indian drug maker infringed patents of its blockbuster cancer drug Mozobil on three counts.

September 23, 2013 / 12:58 IST
Story continues below Advertisement

Shares of Dr Reddys Laboratories (DRL) were under pressure in early trade Monday, falling more than 1 percent as US-based Genzyme Corporation filed an infringement suit against the company.

Genzyme, a fully-owned subsidiary of drug major Sanofi-Aventis, alleged that the Indian drug maker infringed patents of its blockbuster cancer drug Mozobil on three counts. Mozobil (plerixafor injection) is a hematopoietic stem cell mobiliser indicated to patients with non-Hodgkin's lymphoma (blood cancer) and multiple myeloma. In its petition filed in the District Court of Delaware, Genzyme alleged that DRL intimated though a letter that it had submitted an Abbreviated New Drug Application with US FDA seeking approval to engage in the commercial manufacture, importation, use, and sale of 20 mg/ml Plerixafor injection as a generic version of Mobozil drug. "DRL's ANDA was submitted to obtain FDA approval to engage in the commercial manufacture, importation, use, and sale of DRL's Plerixafor ANDA Injection Product prior to the expiration of '152 patent, the '590' patent, and '102' patent, all of which are listed in the FDA publication entitled 'Approved Drug Products with Therapeutic Equivalence Evaluation' (the Orange Book) as being applicable to Genzyme's Mozobil drug product," Genzyme said in the petition. While one of the patents of the drug would expire on December 10, 2018 while other two patents--patent '590' and patent '102' on July 22, 2023, the US drug-maker said. Genzyme sought the court to declare that DRL's making, using, selling, offering to sell, or importing its Plerixafor ANDA Injection Product by DRL is infringement of one or more claims of the patents. According to Sanofi's 2012 annual report, Mozobil contributed Euros 96 million to its revenues. At 09:32 hours IST, Dr Reddys' shares fell 1.55 percent to Rs 2,332.05 in the Bombay Stock Exchange. (With inputs from PTI)
first published: Sep 23, 2013 09:56 am

Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!