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Glenmark enters into a settlement agreement with Triax Pharmaceuticals

25 May 2011 Evaluate

Glenmark Pharmaceuticals and Glenmark Generics, USA have entered into a settlement and license agreement with Triax Pharmaceuticals, LLC, Astellas Pharma Europe B.V. and Astellas Pharma International B.V. (“Astellas and Triax” ) to resolve a United States patent infringement suit related to Glenmark’s filing of an abbreviated new drug application (ANDA) for 0.1% hydrocortisone butyrate cream, Glenmark’s generic version of Locoid Lipocream.

Subject to the terms of the settlement and license agreement, Glenmark will be permitted to market and distribute Glenmark’s 0.1% hydrocortisone butyrate cream under a royalty-bearing license from Astellas and Triax in the United States near the end of 2013. Glenmark believes that it is entitled to 180 days of exclusivity with respect to its hydrocortisone butyrate cream, as the first generic company to file an ANDA for the product.

Locoid Lipocream is available as a 0.1% hydrocortisone butyrate topical corticosteroid cream. According to IMS Health data, for 2010, Locoid Lipocream achieved sales of approximately $38 million.

Glenmark Generics (GGL) is a subsidiary of Glenmark Pharmaceuticals (Glenmark) and aims to be a global integrated Generic and API leader.

Glenmark Pharma Share Price

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