![]() Online edition of India's National Newspaper Saturday, Mar 22, 2008 ePaper | Mobile/PDA Version |
|
|
|
|
|
|
| Business |
![]() |
News:
ePaper |
Front Page |
National |
Tamil Nadu |
Andhra Pradesh |
Karnataka |
Kerala |
New Delhi |
Other States |
International |
Opinion |
Business |
Sport |
Miscellaneous |
Engagements |
Advts: Retail Plus | Classifieds | Jobs | Obituary |
Business
NEW DELHI: World’s biggest drugmaker Pfizer on Friday said a Canadian court had ruled in its favour upholding patent for a molecule of its cholesterol-lowering drug Lipitor, thereby preventing Indian rival Ranbaxy Laboratories from launching generic version till 2010. The Federal Court of Appeal of Canada has reversed a lower court ruling that held that Pfizer’s enantiomer patent could not block generic manufacturer Ranbaxy Laboratories from obtaining approval for a competitor product to Lipitor, the company said in a statement. The appellate court issued an order prohibiting regulatory approval of Ranbaxy’s product in Canada until Pfizer’s enantiomer (calcium salt) patent Canadian Patent No. 2,021,546 expires in July 2010, it added. “This decision sends a strong signal about the importance of protecting intellectual property in Canada, which provides the incentive for research-driven pharmaceutical companies to make the significant high-risk investments necessary to develop new life-saving medicines,” Pfizer Senior Vice President and Associate General Counsel Peter Richardson said. The court’s ruling is not only an important one for Pfizer, but also for patients, he added. Ranbaxy officials were not available for comments. The company may, however, seek a review of the decision by the Supreme Court of Canada. — PTI
Printer friendly
page
News:
ePaper |
Front Page |
National |
Tamil Nadu |
Andhra Pradesh |
Karnataka |
Kerala |
New Delhi |
Other States |
International |
Opinion |
Business |
Sport |
Miscellaneous |
Engagements |
|
|
|
The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription Group Sites: The Hindu | The Hindu ePaper | Business Line | Business Line ePaper | Sportstar | Frontline | Publications | eBooks | Images | Home |
Copyright © 2008, The
Hindu. Republication or redissemination of the contents of
this screen are expressly prohibited without the written consent of
The Hindu
|