News: Sun Pharma has agreed to pay US$485 million (~ Rs.3,700 crore) to settle an antitrust litigation for allegedly delaying generic versions of three drugs (Diovan, Nexium and Valcyte) in the US. The actions and claims relate to alleged conduct by Ranbaxy Laboratories and its US subsidiary prior to its acquisition by Sun Pharma. Sun Pharma has signed a binding agreement with two plaintiff groups to settle claims regarding the antitrust litigation
Views: Although the settlement ends uncertainty on pending litigations the amount is significant, which could have been deployed for productive purposes
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