Mylan & Shionogi, two top pharma companies agreed to mutually settle the pharma partnering dispute over the patent litigation rights related to the generic drug Prednisolone Sodium Phosphate Orally Disintegrating Tablets (ODT), 10 mg, 15 mg and 30 mg.
Prednisolone Sodium Phosphate ODT is the generic version of Shionogi's Orapred ODT, which is indicated for the treatment of certain pulmonary diseases such as asthma.
Additionally, the product is indicated for the control of certain severe or incapacitating allergic conditions, such as atopic dermatitis, and seasonal and perennial allergic rhinitis, that are intractable to adequate trials of conventional treatment.
According to the terms of the settled pharma partnering agreement, Mylan will be licensed to sell its Prednisolone Sodium Phosphate ODT product on April 1, 2014, or earlier under certain circumstances.
Pursuant to the settlement of the pharma partnering agreement, pending litigation will be dismissed.
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