Active Stocks
Mon Apr 22 2024 15:57:16
  1. Tata Steel share price
  2. 161.85 -0.15%
  1. HDFC Bank share price
  2. 1,512.30 -1.24%
  1. State Bank Of India share price
  2. 765.85 2.00%
  1. ICICI Bank share price
  2. 1,087.00 1.93%
  1. Wipro share price
  2. 461.95 2.01%
Business News/ Companies / News/  Ranbaxy sued by Acura Pharmaceuticals over generic pain drug
BackBack

Ranbaxy sued by Acura Pharmaceuticals over generic pain drug

Acura claims Ranbaxy wrongly plans to market a copy of the oxycodone pill before Acura’s patent expires in 2025

Acura will be substantially and irreparably harmed by Ranbaxy’s infringing activities unless stopped by a judge, according to the complaint. Photo: Pradeep Gaur/Mint (Pradeep Gaur/Mint)Premium
Acura will be substantially and irreparably harmed by Ranbaxy’s infringing activities unless stopped by a judge, according to the complaint. Photo: Pradeep Gaur/Mint
(Pradeep Gaur/Mint)

Acura Pharmaceuticals Inc., whose technology helps deter drug abuse, sued Ranbaxy Laboratories Ltd., India’s largest drugmaker, over its plan to market a generic version of the painkiller Oxecta.

Acura, based in Palatine, Illinois, claimed New Delhi-based Ranbaxy wrongly plans to market a copy of the short-acting oxycodone pill before Acura’s patent expires in 2025, according to papers filed on Monday in federal court in Delaware.

Acura will be substantially and irreparably harmed by Ranbaxy’s infringing activities unless stopped by a judge, according to the complaint.

Ranbaxy reported about $2.2 billion in sales for fiscal 2012. Acura listed about $20 million in fiscal 2011 sales and a net loss last year, according to data compiled by Bloomberg.

Charles M. Caprariello, a US spokesman for Ranbaxy, didn’t immediately return a call seeking comment on the lawsuit. Bloomberg

Unlock a world of Benefits! From insightful newsletters to real-time stock tracking, breaking news and a personalized newsfeed – it's all here, just a click away! Login Now!

Catch all the Corporate news and Updates on Live Mint. Download The Mint News App to get Daily Market Updates & Live Business News.
More Less
Published: 30 Apr 2013, 10:50 PM IST
Next Story footLogo
Recommended For You
Switch to the Mint app for fast and personalized news - Get App