- Sun Pharmaceuticals has entered into a settlement with Novartis Pharmaceuticals to dismiss the lawsuit filed against it in regard to the launch of the generic version of Novartis’s Gleevec (used to treat chronic myeloid leukemia).
- Tentative approval subject to customary approvals has been granted to Sun Pharma’s subsidiary by the Food and Drug Administration (FDA) to launch its generic version in US.
- $82 million sales for a two-month period has been factored for Gleevec based on 30 % price erosion and a 35 % market share for a two-month period.
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