Korean drugmaker Mezzion (Kosdaq: 140410) blames Dr Reddy's Laboratories (BSE: 500124) for the rejection of its udenafil New Drug Application, and is suing for millions of dollars in damages and lost earnings.
Mezzion, which had contracted with the Indian pharmaceutical firm to manufacture udenafil on its behalf, is developing the treatment for erectile dysfunction.
The lawsuit alleges that Dr Reddy's committed fraud by hiding significant deficiencies in its manufacturing practices, and by misrepresenting its compliance with US Food and Drug Administration (FDA) guidelines.
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