{
MSN Pharmaceuticals

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}

Divi's Labs Shares Drop as US Court Allows Generic Entresto Launch

Divi's Laboratories Ltd's shares fell nearly 3% on December 5, trading at Rs 6,078.6, after a US court ruled that Novartis could not block MSN Pharmaceuticals from launching a generic version of its heart drug, Entresto. The court upheld a previous decision that Novartis was unlikely to win a patent lawsuit against MSN, paving the way for the first US generic of the drug. Divi's Labs has a contract with Novartis for the drug, and its market capitalization stands at Rs 1.6 lakh crore.
Moneycontrol
United States Dollar DIVI'S LABORATORIES LTD Novartis AG MSN Pharmaceuticals IND USA Show more
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05:46 05.12.2024
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