Indian Pharmaceutical Alliance drops opposition to Gilead's Sovaldi patent
The Indian Pharmaceutical Alliance (IPA) has dropped its opposition to Gilead Sciences’ (Nasdaq: GILD) patent application for Sovaldi (sofosbuvir), as the company has voluntarily made a licensing agreement with 11 companies to sell a lower-cost generic, according to local media reports.
The hepatitis C treatment is sold by Gilead for $1,000 per pill in the USA.
Natco Pharma, based in Hyderabad, India, filed a pre-grant opposition with the Indian Patent Office, and also pulled out from litigation as it became one of the companies with which Gilead entered into a licensing agreement.
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