Sun Pharma withdraws law suit filed by Ranbaxy challenging the FDA
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Sun Pharma is reported to have officially withdrawn the law suit filed by Ranbaxy against the FDA’s decision to revoke approvals for the generic version of Nexium and Valcyte. In March, Sun Pharma completed the $4-billion merger of Ranbaxy with itself.
Ranbaxy had earlier received an approval from the FDA to manufacture select doses of the said two drugs: only after the patents of these two branded drugs would expire. However, the million dollar anticipated revenue investment turned against Ranbaxy after the FDA revoked its decision; due to the failure of the company to observe current GMPs (good manufacturing practices) at its Dewas and Paonta facilities.
Ranbaxy had earlier received an approval from the FDA to manufacture select doses of the said two drugs: only after the patents of these two branded drugs would expire. However, the million dollar anticipated revenue investment turned against Ranbaxy after the FDA revoked its decision; due to the failure of the company to observe current GMPs (good manufacturing practices) at its Dewas and Paonta facilities.
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