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Dolat Capital Report
Lupin Ltd. has settled the U.S. federal antitrust litigation against direct purchaser and retailer groups at $250 million for Glumetza’s launch settlement.
Glumetza is an Extended Release form of Metformin HCL, approved by the food and drug administration in 2005, originally sold by Depomed (now Assertio). Depomed marketed the drug in partnership with Santarus, later acquired by Bausch.
In 2009, Lupin applied for generic version of Glumetza and in 2012, it settled with innovators to delay the product launch until 2016.
Against this settlement, Depomed agreed to pay Lupin’s legal fees and not launch its own AG until the company’s 180-day exclusivity is completed.
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