Create your world with sifymail
Login | Register
Comments Share Print  Rate 
REUTERS

Dr Reddy's files for marketing Lipitor generic

2009-11-07 14:29:44
 

Mumbai: Dr Reddy's Laboratories has filed for marketing a generic version of Pfizer's cholesterol-lowering drug Lipitor in the US, the company said on Saturday.
Most Read
Business Quiz | GamesNew
Children's Day Special: How much insurance do you need
SBI deposit rates cut 25-50 bps
Infosys offers multi-function human resource solutions
Forex reserves down $1.13 b
Best of the Business
SEBI expands scope of brokers' agents
Follow us on Twitter

"We have filed an ANDA (abbreviated new drug filing) for atrovastatin and notified Pfizer accordingly," Dr Reddy's told Reuters in response to an email query.

Earlier on Saturday, the Business Standard newspaper reported that Dr Reddy's had developed a generic version for Lipitor, and along with its US subsidiary, had informed Pfizer about applying to the US Food and Drug Administration for marketing the drug.

Lipitor is the world's largest selling drug, with global sales of $8.3 billion in the last nine months. So far, Ranbaxy is the only other Indian drugmaker to develop a generic for the drug, whose US patent expires in 2010.

Under a settlement with Pfizer, Ranbaxy has agreed to launch its generic by November 2011.

Comments Share Print  Rate 
 
 
Special Rate on Stock Products:
Intraday | Exclusive | Live stock chat | StreetCall | MultiBagger | NiftyTraders | MarketBuzz | SmarTrade
© Copyright Sify Technologies Ltd, 1998-2009. All rights reserved. India News Portal, Sify.com hosted at SifyHosting India's first Level 3 Internet Data Centre.
Site optimized for Internet Explorer 5.5 and above.
See Disclaimer | Privacy Policy & Parental Guidance on pornography | careers@sify | About Us | Feedback | Advertise