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Dr Reddy's Lab inks settlement pact with Indivior, Aquestive

Dr Reddy's Lab inks settlement pact with Indivior, Aquestive

The said agreement resolves all claims between the parties relating to the company's products and also covers Indivior's and Aquestive's patent infringement allegations, Dr Reddy's Laboratories said in a regulatory filing.

Dr Reddy's Lab inks settlement pact with Indivior, Aquestive Dr Reddy's Lab inks settlement pact with Indivior, Aquestive

Homegrown pharma major Dr Reddy's Laboratories Ltd on Friday said it has entered into a settlement agreement with Indivior Inc and Aquestive Therapeutics as a result of which it will receive payments totalling USD 72 million (over Rs 560 crore) by March 31, 2024.

The said agreement resolves all claims between the parties relating to the company's generic buprenorphine and naloxone sublingual film, 2 mg/0.5 mg, 4 mg/1 mg, 8 mg/2 mg, and 12 mg/3 mg dosages, Dr Reddy's Laboratories said in a regulatory filing.

The settlement also covers Indivior's and Aquestive's patent infringement allegations and the company's antitrust counterclaims, it added.

Buprenorphine and naloxone sublingual film medication is used to treat opioid dependence or addiction.

''Pursuant to the agreement, the company will receive payments totalling USD 72 million by March 31, 2024,'' DRL said adding, as part of the settlement, the underlying litigation will be dismissed. Shares of the company edged higher by 0.29 per cent to Rs 4,308.75 apiece at close on BSE.

 

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Published on: Jun 24, 2022, 6:26 PM IST
Posted by: Soumyashis Prashanth, Jun 24, 2022, 6:23 PM IST