Glaxo Won't Block Generic Of Zantac Syrup

Law360, New York (January 28, 2008, 12:00 AM EST) -- Cypress Pharmaceutical has reached a settlement agreement with a GlaxoSmithKline unit, putting to rest all disputes between the two companies related to the syrup form of the ulcer drug Zantac, Cypress announced Friday.

Under the deal Glaxo Group Limited, part of the GlaxoSmithKline group of companies, has agreed not to assert its patent against Cypress' new alcohol-free formulation of its generic ranitidine oral syrup, according to Madison, Miss.-based Cypress.

Ranitidine, the active ingredient in Zantac, is used to treat and prevent ulcers, gastroesophageal reflux disorder and...
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