
Glenmark to pay USD 7 mn to settle lawsuits with three entities in U.S.
The HinduGlenmark Pharmaceuticals on Monday said it will pay USD 7 million to three entities to settle lawsuits in the U.S. related to generic drugs. Glenmark said it along with subsidiary GlenmarkPharmaceuticals Inc, USA faced multiple antitrust and consumer protection lawsuits, including a class action, consolidated in the Eastern District of Virginia, U.S. in connection with generic Zetia, a drug for the treatment of cholesterol. The lawsuits alleged that in 2010, Glenmark entered an anticompetitive agreement to settle patent infringement litigation involving a patent related to ezetimibe with Schering Corporation and MSP Singapore Company LLC. In the antitrust and consumer protection litigation, the company was named as a defendant along with Schering Corporation, MSP Singapore Company LLC, Merck & Co, Inc, Merck Sharp & Dohme Corp, and Schering-Plough Corp. Glenmark and Merck disputed these claims and defended these matters vigorously.
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