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Monday, October 7, 2019

Bristol-Myers sues Dr. Reddy’s to block generic Sprycel

Bristol-Myers Squibb (BMY +0.7%) has filed a lawsuit in a New Jersey court against Dr. Reddy’s Laboratories (RDY -0.6%) in an attempt to block the commercial entry of the latter’s generic version of leukemia med Sprycel (dasatinib). It claims that RDY’s product infringes on two patents that expire in 2025 and 2026, respectively.
Sprycel accounted for 8.5% ($1,003M) of BMY’s H1 product sales of $11,744M.
https://seekingalpha.com/news/3504307-bristol-myers-sues-dr-reddys-block-generic-sprycel

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