Depomed in patent settlement with Actavis
US specialty drugmaker Depomed (Nasdaq: DEPO) has entered into a settlement agreement with Actavis (NYSE: ACT) in patent infringement litigation related to Actavis' Abbreviated New Drug Application seeking approval to market generic versions of Depomed's Gralise (gabapentin) 300mg and 600mg tablets.
The settlement, also referred to as a pay-for-delay deal, permits Actavis to begin selling generic versions of Gralise, a treatment for post-herpectic neuralgia (shingles) on January 1, 2024, or earlier under certain circumstances.
"We are pleased with this settlement, as it confirms the expected period of market exclusivity for Gralise and avoids the expense of an appeal," commented Jim Schoeneck, president and chief executive of Depomed.
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