SC notifies hiatus for Glenmark Pharmaceuticals-anti-diabetes drug
Advertisement
Holds institutional sales till July 22, allows selling existing stocks
Glenmark Pharmaceuticals has been caught off-guard, in view of the brewing controversy surrounding the laws of patent diplomacy in India. The blow came to them from the supreme judicial authority of India, directing the company to halt the production and thus, limit over the counter transacting of its anti diabetes drug, Sitagliptin, with immediate effect (until notified further). The Supreme Court’s order, however, allows the company to sell its existing stocks, which comes as a strong relief measure to stabalise the supply-demand ecosystem in India.
This order comes in the light of legal application, first courted by the US-based Merck in 2013- which holds a patent on the drug, Sitagliptin. Merck has recently put forward the argument in wake on sustaining considerable monetary loss; since the sale of generic version of type II diabetes drug was much lower priced than the patented version. Going by the earlier reports, Glenmark sold its drugs, branded Zita and Zita-Met, cheaper by more than 30% than Merck’s Januvia and Janumet, amounting to an annual savings of Rs 5,000 for the customers.
Glenmark Pharmaceuticals has been caught off-guard, in view of the brewing controversy surrounding the laws of patent diplomacy in India. The blow came to them from the supreme judicial authority of India, directing the company to halt the production and thus, limit over the counter transacting of its anti diabetes drug, Sitagliptin, with immediate effect (until notified further). The Supreme Court’s order, however, allows the company to sell its existing stocks, which comes as a strong relief measure to stabalise the supply-demand ecosystem in India.
This order comes in the light of legal application, first courted by the US-based Merck in 2013- which holds a patent on the drug, Sitagliptin. Merck has recently put forward the argument in wake on sustaining considerable monetary loss; since the sale of generic version of type II diabetes drug was much lower priced than the patented version. Going by the earlier reports, Glenmark sold its drugs, branded Zita and Zita-Met, cheaper by more than 30% than Merck’s Januvia and Janumet, amounting to an annual savings of Rs 5,000 for the customers.
Our comments section is governed by our Comments Policy . By posting comments at Medical Dialogues you automatically agree with our Comments Policy , Terms And Conditions and Privacy Policy .
Disclaimer: This website is primarily for healthcare professionals. The content here does not replace medical advice and should not be used as medical, diagnostic, endorsement, treatment, or prescription advice. Medical science evolves rapidly, and we strive to keep our information current. If you find any discrepancies, please contact us at corrections@medicaldialogues.in. Read our Correction Policy here. Nothing here should be used as a substitute for medical advice, diagnosis, or treatment. We do not endorse any healthcare advice that contradicts a physician's guidance. Use of this site is subject to our Terms of Use, Privacy Policy, and Advertisement Policy. For more details, read our Full Disclaimer here.
NOTE: Join us in combating medical misinformation. If you encounter a questionable health, medical, or medical education claim, email us at factcheck@medicaldialogues.in for evaluation.