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ICICI Securities Report
Cipla Ltd. has announced settlement of patent litigation with Celgene (subsidiary of Bristal Myers Squibb) for Revlimid (lenalidomide).
It has become the fourth company to have settled litigations pertaining to this product after Natco Pharma Ltd., Dr Reddy’s Laboratories Ltd. and Alvogen. Additional settlements with other companies also remain a possibility.
Revlimid’s brand sales in the U.S. stood at over six billion U.S. dollar in nine months-CY20.
We believe restriction on volume market share as per settlements will help minimise the impact of growing competition.
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