Glenmark Pharma enters into a settlement and license agreement with Sepracor Inc (08-Aug-2010)
Glenmark Generic Inc, USA, Glenmark Generics, and Glenmark Pharmaceuticals has entered into settlement and license agreement with Sepracor Inc. to resolve a United States patent infringement suit related to the Glenmarks’ filing of an abbreviated new drug application (ANDA) with the United States Food and Drug Administration (USFDA) to market generic Fszopiclone tablets, which Sepracor markets under the name Lunesta.
Under the terms of the settlement and license agreement and Consent Judgment, and upon approval and entry of a consent Judgment and order of parliament Injunction by the United States District Court for the District of New Jersey, Glenmark would be permitted to launch its generic product on the later of November 30,2013 which is two and one half months prior to the expiry of Sepracor United States patent 6,444,673, or May 30,2014 if Sepracor obtains pediatric exclusivity for Lunesta.
Top News Today
 Central Bank of India, one of the oldest state-run banks is likely to employ 2,700 people this year to add to the 3,200 recruited last year. This number will be exclusive of the addition in specialized
 Auto major, Mahindra & Mahindra (M&M) is all set to introduce a smaller version of its multi-purpose vehicle Xylo by Diwali this year as it aims to expand its customer base in the country. The company,
 Godrej Properties, Mumbai based real estate developer launched its new residential project Godrej Alpine in Mangalore. It aims to complete 499-apartment Godrej Alpine for occupation in 36 months. Godrej
|
International Stock News
 The US markets ended with mild gains on Wednesday, on reports that Greece had drafted a new financing deal with the European Union and International Monetary Fund. Greek Prime Minister Lucas Papademos
 The US markets rose on Monday, sending the Dow industrials to their highest close since 2008, as Greece's government made progress on measures to secure international aid. Also, a Labor Department report
 The US markets made a mix closing on Thursday, as a drop in jobless claims fueled optimism about the economy and investors looked to the next day's employment report as the next indicator of the economic
|
|
Recent Corporate-World News
|
|