May 27, 2011

Glenmark balms Triax and Astellas

In yet another pharmaco agreement, Glenmark Pharma entered into an agreement with Triax and Astellas in order to resolve a patent infringement case in the US. The chemical in question was the generic hydrocostisone butyrate cream, used to treat skin infections.
Hydrocortisone butyrate cream is a generic version of Triax's Locoid Lipocream.

Under the settlement and licence pact, "Glenmark will be permitted to market and distribute its 0.1 per cent hydrocortisone butyrate cream under a royalty-bearing license from Astellas and Triax in the US near the end of 2013."

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