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Sun Faces Price Pressures In US On Generic Gleevec

 
• By Penelope MacRae

India’s biggest drug-maker, Sun Pharmaceutical Industries Ltd., has reported a more than tripling of its quarterly profit thanks to US sales of a generic version of Novartis AG’s leukemia blockbuster Gleevec. But now its 180-day sales exclusivity window has closed and generic rivals are launching in the US market, pushing prices down.

As the first company to file an application to produce a Gleevec generic in the US, Mumbai-based Sun Pharmaceutical Industries Ltd. gained six months of marketing exclusivity – which ended this month.

Now two generic competitors have entered the market with their own versions and more are expected. This will add to...

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