First wave of Revlimid competition hits shelves in USA
Indian drugmaker Dr Reddy’s Laboratories (BSE: 500124) has launched a generic version of Bristol Myers Squibb’s (NYSE: BMY) cancer drug Revlimid (lenalidomide).
The company said it was undertaking a “volume-limited launch,” and was eligible for 180 days of first-to-market generic drug exclusivity.
The launch comes after the company agreed with Celgene, the New York-based company acquired in 2019 by Bristol Myers, terms for a license to sell volume-limited amounts in the USA as part of a litigation settlement.
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