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Torrent Settles With BMS For Revlimid, Launch Timeline Undisclosed

US Injectables Entry Under ‘Constant Evaluation’

 
• By Vibha Ravi

Torrent has reached a settlement with BMS’ Celgene over oncology blockbuster Revlimid, officials said during a Q2 call, but declined to disclose launch timelines for the generic. Meanwhile, the Indian company continues to evaluate an option to enter the injectables segment in the US as revenues slide.

Concept of Settlement
Settlement With BMS/Celgene Should Facilitate Torrent's Launch Of Generic Revlimid • Source: Alamy

Torrent Pharmaceuticals Ltd. has reached a settlement with Bristol Myers Squibb Company’s Celgene Corporation post a US lawsuit by the latter in the District of New Jersey in June for alleged infringement of patents on its blockbuster oncology drug Revlimid (lenalidomide).

During a post-earnings call, Torrent’s executive director for international business, Sanjay Gupta, revealed that the litigation had been settled but he was “not at the liberty to disclose what the...

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