Novartis AG has cashed out on two of its four licensed brands for vildagliptin in India, after a patent on the drug expired 9 December. Prices of vildagliptin and its combination are expected to drop sharply hereon, with one firm Panacea Biotec Ltd.'s product debuting at a discount of over 70% to current prices.
Novartis markets vildagliptin, an oral anti-hyperglycemic agent, as Galvus and vildagliptin in combination with metformin hydrochloride as Galvus Met. It also has co-marketing agreements for these with Abbott Laboratories Inc., Cipla Ltd
Read the full article – start your free trial today!
Join thousands of industry professionals who rely on Scrip for daily insights
- Start your 7-day free trial
- Explore trusted news, analysis, and insights
- Access comprehensive global coverage
- Enjoy instant access – no credit card required
Already a subscriber?