Eisai and Glenmark settlement over generic version of Banzel

1 May 2015

Japanese drug major Eisai (TYO: 4523) has entered into a settlement agreement with Indian drugmaker Glenmark Pharmaceuticals (BSE: 532296) and its US subsidiaries to resolve their patent litigation relating to Eisai's Banzel (rufinamide) in the USA.

As a result of the settlement, or pay-for-delay deal, Glenmark will be permitted to market a generic version of Banzel in the USA on May 30, 2022, or potentially earlier under certain circumstances. Additional terms of the settlement agreement are confidential.

Banzel is an anti-epileptic drug indicated for adjunctive treatment of seizures associated with Lennox-Gastaut syndrome (LGS) in children aged one year and older and adults.

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