Motilal Oswal: Cipla’s Revlimid Litigation Settlement Improves Business Visibility

Motilal Oswal: Cipla’s Revlimid Litigation Settlement Improves Business Visibility

Cipla House, the headquarters of Cipla Ltd. in Lower Parel area of Mumbai, India. (Photo: BloombergQuint)

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Motilal Oswal Report

Cipla Ltd. and Celgene (innovator) have reached an agreement to settle the litigation pertaining to g-Revlimid in the U.S.

As per the settlement, the company can begin selling g-Revlimid in the U.S. sometime after March 2022.

Considering other settlements, limited build-up of sales over FY23-26E, and unlimited quantities of g-Revlimid by Cipla post January-26E, there could be a potential net present addition of Rs 40 per share from this opportunity.

We await clarity on further details of the agreement.

Click on the attachment to read the full report:

Motilal Oswal Cipla Company Update.pdf
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