iifl-logo

Invest wise with Expert advice

By continuing, I accept the T&C and agree to receive communication on Whatsapp

sidebar image

Dr. Reddy’s Faces U.S. Court Complaint Over Revlimid Sales Antitrust Allegations

10 Oct 2023 , 12:15 PM

Dr. Reddy’s Laboratories faces a complaint in a U.S. court over the sale of the cancer drug Revlimid, with its subsidiary named as a defendant. Mayo Clinic and Lifepoint Corporate Services, along with several pharmaceutical companies, filed the complaint alleging antitrust violations and maintaining a shared monopoly in Revlimid sales through patent litigation settlements.

The complaint, filed on October 6 in the United States District Court for the Northern District of California, claims improper delays in generic entry until 2022 and restrictions on generic competition until 2026. Dr. Reddy’s contests the allegations, stating they lack merit, and vows to vigorously defend against the litigation.

This follows a similar complaint in November 2022, naming Dr. Reddy’s and others, including Celgene and Bristol Myers Squibb, as defendants, asserting similar antitrust claims regarding Revlimid sales. In a December update, Dr. Reddy’s announced the dismissal of all claims against the company in the antitrust litigation.

For feedback and suggestions, write to us at editorial@iifl.com

Related Tags

  • business
  • Dr Reddys
  • news
  • Top News
sidebar mobile

BLOGS AND PERSONAL FINANCE

Read More
Knowledge Center
Logo

Logo IIFL Customer Care Number
(Gold/NCD/NBFC/Insurance/NPS)
1860-267-3000 / 7039-050-000

Logo IIFL Capital Services Support WhatsApp Number
+91 9892691696

Download The App Now

appapp
Loading...

Follow us on

facebooktwitterrssyoutubeinstagramlinkedintelegram

2025, IIFL Capital Services Ltd. All Rights Reserved

ATTENTION INVESTORS

RISK DISCLOSURE ON DERIVATIVES

Copyright © IIFL Capital Services Limited (Formerly known as IIFL Securities Ltd). All rights Reserved.

IIFL Capital Services Limited - Stock Broker SEBI Regn. No: INZ000164132, PMS SEBI Regn. No: INP000002213,IA SEBI Regn. No: INA000000623, SEBI RA Regn. No: INH000000248
ARN NO : 47791 (AMFI Registered Mutual Fund Distributor)

ISO certification icon
We are ISO 27001:2013 Certified.

This Certificate Demonstrates That IIFL As An Organization Has Defined And Put In Place Best-Practice Information Security Processes.