Vanda settles with Apotex on Fanapt generic
US specialty pharma Vanda Pharmaceuticals (Nasdaq: VNDA) has come to an agreement with Canadian generics firm Apotex in a patent dispute over the schizophrenia drug Fanapt (iloperidone).
Vanda’s patent litigation against Apotex related to the Ontario-based company Abbreviated New Drug Application (ANDA) seeking approval for a generic version of the drug.
On Wednesday, Vanda announced that it had entered into a license agreement with Apotex to resolve the litigation. As part of the agreement, Apotex has been granted a non-exclusive license to manufacture and commercialize its generic version of Fanapt in the USA from November 2, 2027.
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