Ranbaxy Announces Settlement Of Possible Imitrex(R) Litigation With Glaxosmithkline
Ranbaxy Laboratories Limited (Ranbaxy) announced today that it has settled all matters relating to possible patent litigation with GlaxoSmithKline relating to Sumatriptan Succinate Tablets, the generic version of GlaxoSmithKline's Imitrex(R) Tablets.
The terms of the settlement, provide that Ranbaxy may distribute a generic version of Sumatriptan Succinate Tablets (in the 25 mg,50 mg and 100 mg strengths) in the United States with an expected launch date in December, 2008.
Additional terms of the settlement agreement were not disclosed.
The annual market sales for Sumatriptan Succinate (Imitrex(R)) were USD 985 million (IMS- MAT: Sept 2007).
Ranbaxy Laboratories Limited, India's largest pharmaceutical company, is an integrated, research based, international pharmaceutical company producing a wide range of quality, affordable generic medicines, trusted by healthcare professionals and patients across geographies. Ranbaxy(R) continued focus on R&D has resulted in several approvals in developed markets and significant progress in New Drug Discovery Research. The Company(R) foray into Novel Drug Delivery Systems has led to proprietary "platform technologies," resulting in a number of products under development. The Company is serving its customers in over 125 countries and has an expanding international portfolio of affiliates, joint ventures and alliances, ground operations in 49 countries and manufacturing operations in 11 countries.
January 21, 2008