Prabhudas Lilladher: Cipla’s Revlimid Settlement With BMS - A Positive Surprise  

Prabhudas Lilladher: Cipla’s Revlimid Settlement With BMS - A Positive Surprise

Revlimid, a cancer drug is displayed for a photograph. (Photographer Jayme Gershen/Bloomberg)

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Prabhudas Lilladher Report

Cipla Ltd. is now the fourth player to settle Revlimid patent litigation with Bristol Myers Squibb for volume restricted launch post March-CY22E and no volume restriction post January-CY26E.

Volume restriction and launch date are kept confidential, but we believe the company’s settlement agreement could be similar to Dr. Reddys Laboratories Ltd., Natco Pharma Ltd. / Allgergan and Alvogen.

Volume restriction for each player would be capped at 10% of total Revlimid volume for initial years and gradually increase till CY25E, while launch date will be in the order of settlement done.

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Prabhudas Lilladher Cipla Company Update.pdf
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