Wyeth, Dr. Reddy's Strike Deal Over Effexor Patents

Law360, New York (April 21, 2011, 12:08 PM EDT) -- Wyeth LLC reached a deal in New Jersey federal court on Thursday with Dr. Reddy's Laboratories Ltd. over a generic version of blockbuster antidepressant and anti-anxiety drug Effexor XR.

The settlement of the suit against Dr. Reddy's is the latest in a long line of agreements Wyeth has reached to protect its hold on the market for venlafaxine HCl extended release capsules — the active ingredient in the drug.

Most recently, Orchid Chemicals & Pharmaceuticals Ltd. agreed on April 13 not to manufacture the tablets until...
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