Glenmark Pharma settles with Pfizer for Axitinib Tablets
Mumbai: Glenmark Pharmaceuticals Inc., USA (Glenmark) and Glenmark Pharmaceuticals Limited have reached a settlement agreement with Pfizer Inc., PF Prism C.V., and PF Prism IMB B.V. for Axitinib Tablets, 1 mg and 5 mg, the generic version of their Inlyta Tablets, 1 mg and 5 mg.
Axitinib is a cancer medicine. It works by blocking the action of the abnormal protein that signals cancer cells to multiply.
Glenmark had previously announced it received tentative approval by the United States Food & Drug Administration (U.S. FDA) for their generic Axitinib Tablets, 1 mg, and 5 mg on November 30, 2020.
According to IQVIA sales data for the 12‐month period ending September 2022, the Inlyta Tablets, 1 mg, and 5 mg market achieved annual sales of approximately $644.5 million*.
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