Drug company Lupin Ltd said it settled its patent dispute regarding two oral contraceptives Loestrin 24 Fe and Femcon Fe, with Ireland-based Warner Chilcott.
According to the settlement accord, Lupin has agreed not to sell a generic version of Loestrin 24 Fe before the patent expiry on July 2014.
In addition, Lupin has been granted a non-exclusive license to market generics of Femcon Fe in the US, which would be supplied by Warner Chilcott.
The selling of the drug in the US will, however, be only after the expiry of 180 days of marketing exclusivity rights that Israel's Teva Pharmaceutical Industries holds or 1 January 2013, whichever earlier.
In 2009, Lupin had filed for approval from the US Food and Drug Administration for the generic versions of the oral contraceptives.
Lupin also said it has also been granted rights to sell in the US a generic version of Asacol 400 mg tablets, used to treat ulcerative colitis, which will be supplied by Warner Chilcott only if a generic version of the same is launched by a third party in the American market.
The final agreement remains subject to certain conditions specified in the settlement agreement including court's ordering the stipulations of dismissal, it added.
On Friday, Lupin shares declined 1.2% to Rs425 on the Bombay Stock Exchange, while the benchmark Sensex declined 1.8% to 20,125 points.
Eros International Media Ltd said it signed a multi-film content licensing deal worth Rs64 crore for exclusive broadcasting of some of its movies across Zee Entertainment's television network.
This would take the company's cumulative revenue visibility to Rs240 crore from presales of music and television rights of new and catalogue films for financial year 2011 and 2012, said Eros International said in a press release.
The Rs240 crore television and music syndication deals will start augmenting revenues and deliver earnings that have attractive margins in financial year 2011 and 2012, it added.
On Friday, Eros International shares ended 1% down at Rs175 on the Bombay Stock Exchange, while the benchmark Sensex declined 1.8% to 20,125 points.
Infrastructure company Sadbhav Engineering Ltd said it won road projects worth Rs1,411.4 crore from the National Highways Authority of India (NHAI) for widening and maintenance of roads in Madhya Pradesh and Maharashtra.
Sadbhav Engineering said it received a project for widening of Mulatai-Chhindwara-Seoni and Narsinghpur-Amarwara-Saoner sections of National Highways in Madhya Pradesh and Maharashtra to two-lane, the Gujarat-based company said in a filing to the Bombay Stock Exchange (BSE).
Besides up gradation of the highways sections to two lanes, the projects include construction and maintenance of ring road and connecting roads in Chhindwara town, it added.
The contracts are part of 18 projects worth Rs13,886 crore announced by the NHAI in June this year. These included five projects across Madhya Pradesh and Maharashtra.
On Friday, Sadbhav Engineering shares fell 3% to Rs1,486 on the BSE, while the benchmark Sensex declined 1.8% to 20,125 points.