DOCSLIB.ORG

Dr Reddy's Prescription to Stay Ahead of the Generic Pack

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Dr Reddy's Prescription to Stay Ahead of the Generic Pack Dr Reddy’s prescription to stay ahead of the generic pack The company has differentiated itself by focusing on internal processes and staying away from costly acquisitions. Now, it has other plans to fend off the competition B DASARATH REDDY Hyderabad, 8 August BATTLE OF THE GENERICS As the patent cliff in the US levels off, generic drug makers will face increasing pressure to develop other kinds of products he revenues of Hyderabad- Revenues in 2011-12 (Actual) Revenue for top-three Indian based generic drug maker, Pharma companies T Dr Reddy's Laboratories, is expected to surpass those of ~ crore Revenue Net profit ~ crore 2012-13 2013-14* Ranbaxy Laboratories, the largest Ranbaxy 9,977 Ranbaxy 11,309 Indian generic drug company, and Laboratories* -2,900 Laboratories 12,615 now a subsidiary of Japan’s Daiichi Dr Reddy's 9,674 Dr Reddy's 11,286 Sankyo, sometime next year. Laboratories** 1,426 Laboratories 12,663 Barclays Equity Research projects 8,006 9,694 Dr Reddy’s revenues for FY14 at Sun Pharmaceutical Sun Pharmaceutical 2,587 11,472 ~12,663 crore, slightly higher than Industries** Industries Ranbaxy’s (at ~12,615 crore). *Calendar year 2011, **FY ended March 2012 *Estimates This would be big news for any company battling it out in a chal- ANDA* pipeline of top-three companies Global pharmacy lenging industry. However, the Approved Pending Share of consolidated revenues for Dr Reddy's in the year ‘11-12 generic-drug business is more than just that. It’s a fiercely com- 241 petitive business, driven by vol- umes and characterised by con- 148 148 stantly falling prices and, 101 therefore, steep margins. As a 83 79 result, product differentiation is minimal, and the only way to drive sales is by lowering prices — Sun Pharma Ranbaxy Dr Reddy's which, ironically, threatens the *Abbreviated New Drug Application very survival of the business. Tooth and nail US product portfolio (products in numbers) USFDA-approved facilities (in numbers) Generic companies are doing Ranbaxy 67 Dr Reddy's 14 everything in their power to gain Dr Reddy’s 64 Sun Pharma 11 a competitive edge. For example, 146 4 Sun Pharma recently appointed Sun Pharma Ranbaxy ex-Teva CEO Israel Makov as its chairman, because of his ability to leverage his global expertise to improve the capabilities within the Vohra cites the example of Dr launches of Olanzapine and strokes, and to treat peripheral Also, the 180-day marketing coming years, Dr Reddy’s needs to drive growth and tap new mar- organisation, as against buying a Reddy’s biologic product, Ziprasidone, both antipsychotic vascular disease and claudica- exclusivity period is like a very drive sales in emerging markets. kets. Acquisitions and alliances company in some market which Rituximab, a monoclonal antibody drugs that had 180-day marketing tion), both cornered a $6-billion short, exotic vacation that you will "They will need to make acquisi- in the industry have also become increases your turnover. That is used in cancer and anti-rejection exclusivity periods. Olanzapine generic opportunity each. But the never take again. Once this period tions. But, they should stick to the key to driving sales. Sun’s acqui- defensive,” he says. “Second, if you treatments. When the company alone had contributed $100 mil- company still sees a substantial is over, competition brings down US and Russia and not go any- sition of Taro, for instance, look at the chart of patent expiries, launched it at 50 per cent of the lion to its US revenues last year. upside from products like the price to 0-5 per cent of the where else. They should keep away expanded the company’s product there was a huge amount of poten- original price in India, the market Launches are critical to the com- Escitalopram (for anxiety disor- innovator drug in the US market. from Japan, because it is going to base to 148 in the US, besides tial. In that scenario, we said we expanded 10 times, he says. In pany — a little more than 50 per ders) and Esomeprazole (for The company plans to beat this be a tough market. At best, they adding 23 abbreviated new drug would focus more on executing 2010-11, the domestic revenues cent of its US revenues come from stomach and duodenal ulcers), price erosion by targeting complex can think of Latin America, which applications (ANDAs) to its well because there was enough from it grew 75 per cent, to touch new products. scheduled to be launched in the generics, with sophisticated for- is growing fast," advises Barclays pipeline; it also provided access to opportunity in the market. When ~40.5 crore. The biggest concern articulated next two years. The company has mulation processes, and by Prasad. complementary therapeutic those opportunities begin to die, Vohra believes the company by analysts is that the patent cliff also put more effort in expanding delayed actions and modified Not surprisingly, Vohra says Dr areas, like dermatology. acquisitions would anyway be has possibly one of the best-qual- in the US is soon going to level off. the over-the-counter (OTC) prod- releases. Reddy’s is already looking to Curiously, Dr Reddy’s has done available,” he adds. ity product pipelines, which can- The year 2012 was particularly uct portfolio, as this gives a wider The company is also betting big increase its presence in Germany, little of both, and that has been its The four smaller acquisitions not only be measured by the num- exceptional in terms of small mol- reach, compared with prescrip- on biosimilars, the generic equiv- the CIS countries, South Africa and biggest differentiator from the the company made after ber of ANDAs filed with the ecule patent expiries worth $44 tion drugs. alents of biopharmaceutical prod- Venezuela through the GSK part- other generic biggies. Says Balaji Betapharm, including the recent USFDA. “I can tell you we never billion, of which Lipitor accounted ucts, a class of proteins used in nership. Other strategies include V Prasad of Barclays Research, “I $40-million one of a dermatology want to be the highest filers in for $10 billion. But, Vohra feels the The road ahead treating complex diseases like dia- diversifying into the OTC segment do not attach much importance to brand in the US, were largely done India. Not this year, not in the past next four years still present ample Maintaining a competitive edge betes and cancer. It expects its in some markets and working on the tags of first and second. But, it with an intent of getting more and not in the future.” opportunities — worth over $70 will not be easy for Dr Reddy’s. Its biosimilars to start generating sub- cost models to save resources for is very important for Dr Reddy's capabilities. "After these baby billion, pretty much the same as alliances — one with GSK for Latin stantial revenues from 2017 funding the business of propri- to find new sources of revenues. steps, I think we have today Relying on Uncle Sam in the previous four. "Forget about America, with Merck Serono for onwards, coinciding with the etary products. The company, Sun is already planning just that.” reached a situation where we are Much like other generic firms, Dr the patent cliff, the opportunity co-developing and commercialis- patent expiries of the category in Vohra says, will now look at acquir- Yet, Umang Vohra, executive more confident of an acquisition Reddy’s relies heavily on selling there is still going to be enormous ing biosimilar compounds; and a the US. Besides the therapeutic ing properties that have complex vice-president and chief financial strategy going forward," he says. its drugs all over the world. Its for companies like ours in the US," joint venture with Fuji Film to areas of gastro-intestinal, cardio- products. "We will look for brands officer of Dr Reddy’s, insists his The other difference that sets global revenues grew 32 per cent he says. design and develop generic drugs vascular, diabetes, oncology and in Russia’s OTC segment, possibly company's ‘defensive strategy’ has Dr Reddy’s apart is its conscious last year to over ~7,000 crore in There are no blockbuster drugs for the Japanese market — and pain management, the company some brands in India also. We con- served it well. "After Betapharm, decision, made a year and a half 2011-12, driven mainly by the US comparable to Atorvastatin (for biosimilars have a long way to go is actively pursuing the dermatol- tinue to look at opportunities even we came down to the fact that you ago to target more complex prod- market, which saw 16 launches. high cholesterol) and Clopidogrel before making any meaningful ogy segment. within the US, But they are strate- should make acquisitions that ucts, few are capable of making. This includes the first-to-file Bisulfate (for heart attacks, contribution to the top line. To survive the onslaught of the gic, not opportunistic.".
Load more

Recommended publications
  • Top Twenty Pay-For-Delay Drugs: How Drug Industry Payoffs Delay Generics, Inflate Prices and Hurt Consumers
    TOP TWENTY PAY-FOR-DELAY DRUGS: HOW DRUG INDUSTRY PAYOFFS DELAY GENERICS, INFLATE PRICES AND HURT CONSUMERS oo often, consumers are forced to shoulder a heavy financial burden, or even go without needed medicine, due to the high cost of brand-name drugs. Our research indicates that one significant cause is Tthe practice called “pay for delay,” which inflates the drug prices paid by tens of millions of Americans. In a pay-for-delay deal, a brand-name drug company pays off a would-be competitor to delay it from selling a generic version of the drug. Without any competition, the brand-name company can continue demanding high prices for its drug. This list of 20 drugs known to be impacted by pay-for-delay deals represents the tip of the iceberg. Annual reports by the Federal Trade Commission (FTC) indicate that generic versions of as many as 142 brand-name drugs have been delayed by pay-for-delay arrangements between drug manufacturers since 2005.1 However, because the details of these deals rarely become public, consumers have largely been kept in the dark about the extent of the problem. Information about these twenty specific drugs affected by pay-for-delay deals has been made public thanks to legal challenges brought by the FTC, consumer class action lawsuits, research by legal experts, and public disclosures by drug makers. Key findings of our analysis of these 20 drugs impacted by pay-for-delay deals: . This practice has held back generic . These brand-name drugs cost medicines used by patients with a wide 10 times more than their generic range of serious or chronic conditions, equivalents, on average, and as much as ranging from cancer and heart disease, to 33 times more.
    [Show full text]
  • SANJEEVAK 1586083 01/08/2007 MANOJ ANANT JOSHI Trading As ;AKSHAY PHARMA REMEDIES KAVRANA HOUSE, OPP
    Trade Marks Journal No: 1836 , 12/02/2018 Class 5 SANJEEVAK 1586083 01/08/2007 MANOJ ANANT JOSHI trading as ;AKSHAY PHARMA REMEDIES KAVRANA HOUSE, OPP. COTTON GREEN RLY. STN. MUMBAI-400033. MANUFACTURE & MERCHANT INDIAN NATIONAL Used Since :31/01/2001 MUMBAI MEDICINAL PREPARATIONS. 537 Trade Marks Journal No: 1836 , 12/02/2018 Class 5 SEPTIGARD 1741718 08/10/2008 INDERJIT SINGH trading as ;INDERJIT SINGH B-104 , SWASTHYA SINGH , NEW DELHI -92 MERCHANTS & MANUFACTUERERS Address for service in India/Agents address: MAHTTA & CO. 43 - B/3, MAHTTA HOUSE,UDHAM SINGH NAGAR, LUDHIANA - 141 001, (PUNJAB). Proposed to be Used DELHI MEDICINAL & PHARMACEUTICAL PREPARATIONS. 538 Trade Marks Journal No: 1836 , 12/02/2018 Class 5 FAIR & BEAUTY 1803779 08/04/2009 GALPHA LABORATORIES LIMITED 221, Kanakia Zillion, E Wing Bandra Kurla Complex Annex LBS Marg & CST Road Junction Kurla West MUMBAI 400070 MANUFACTURERS AND MERCHANTS INDIAN NATIONAL Used Since :15/11/2007 MUMBAI PHARMACEUTICAL AND MEDICINAL PREPARATIONS AND SUBSTANCES 539 Trade Marks Journal No: 1836 , 12/02/2018 Class 5 O-BAMA 1815900 08/05/2009 KREMOINT PHARMA PVT. LTD. 151/5, SHRI KRISHNA DARSHAN, GARODIA NAGAR, GHATKOPAR (E), BOMBAY-400 077. MANUFACTURERS AND MERCHANTS. A CORPORATE ENTITY INCORPORATED IN INDIA UNDER THE COMPANIES ACT 1956. Address for service in India/Attorney address: KRISLAW CONSULTANTS BUILDING NO.4, C/104, SHANKESHWAR PALMS, BEHIND MODEL SCHOOL, KUMBHARKHANPADA, SUBHASH ROAD, DOMBIVILI(W) 421202 Used Since :02/05/2009 MUMBAI PHARMACETICAL AND MEDICINAL PREPARATIONS. 540 Trade Marks Journal No: 1836 , 12/02/2018 Class 5 AYUSHAKTI D-VYRO 1815928 08/05/2009 SMITA NARAM BUNGALOW NO.31, NEXT TO M.
    [Show full text]
  • Hy Sun Missed the Pharma Rally: the Answer Is Hidden in a Bet Many Failed — Speciality Drugs - the Economic Times
    12/3/2020 Sun Pharma: Why Sun missed the pharma rally: the answer is hidden in a bet many failed — speciality drugs - The Economic Times Home ETPrime Markets News Industry RISE Politics Wealth MF Tech Jobs Opinion NRI Panache ET NOW More Aayush English Edition | E-Paper Tech Consumer Markets Corporate Governance Telecom + OTT Auto + Aviation Pharma Fintech + BFSI Economy Infra Environment Energy Business News › Prime › Pharma › Why Sun missed the pharma rally: the answer is hidden in a bet many failed — speciality drugs Getty Images MARKETS hy Sun missed the pharma rally: the answer is hidden in a bet many failed — speciality drugs Dilip Shanghvi, founder and managing director, Sun Pharmaceuticals Synopsis Sun Pharma is the only Indian company to have made some inroads into speciality drugs. What worries investors is high investments and uncertainties over ramp up in revenue. The stock can still see upside because of its current valuations, strong India business, and any positive surprises in US generic business. But it is crucial that its speciality bet pays off. BACK TO TOP https://economictimes.indiatimes.com/prime/pharma-and-healthcare/why-sun-missed-the-pharma-rally-the-answer-is-hidden-in-a-bet-many-failed-spe… 1/11 12/3/2020 Sun Pharma: Why Sun missed the pharma rally: the answer is hidden in a bet many failed — speciality drugs - The Economic Times Home ETPrime Markets NeCwasllI nitd uas trbyleRssISiEngP oilniti cdsisWgeuailthse fMoFr tTheceh InJodbisanOpinion NRI Panache ET NOW More pharmaceutical industry. The stocks of pharma companies have been on a tear since the beginning of the Covid-19 crisis.
    [Show full text]
  • Pharmaceuticals Stellar Quarter; Healthy Outlook Sector Update
    Pharmaceuticals Stellar quarter; Healthy Outlook Sector Update Q2FY2021 was yet another stellar quarter for pharmaceutical companies under Q2FY2021 Results Review Sharekhan’s pharma universe. The quarter witnessed a sustained improvement in Sector: Pharmaceuticals the US business while the domestic business showed signs of improvement. The overall plant utilization levels during Q2FY2021 were at normal levels (as against Sector View: Positive relatively low utilization levels in previous quarter), thus yielding costs benefits. For the quarter, the pharma companies delivered revenue growth of 8.8% y-o-y, while sequentially as well it clocked a growth of 8.3%. Topline performance was better than estimates and was driven by sturdy performance of the US business, while the India operations also grew a decent pace. Growth in the base business, stabilizing price erosion and new launches led to the growth in US business, while in India business, companies with a relatively higher share of chronic business grew strongly and outperformed the industry. Select players such as Aurobindo, Cadila and Cipla reported strong 12.5%, 18% and 10% y-o-y growth respectively in the US business. Divis labs also reported a strong 21% y-o-y growth in the topline backed by a strong performance in the API segment, while Laurus labs posted a 60% revenue Our active coverage universe growth on the back of an impressive growth in the formulations segment. Operating CMP PT profit for the universe increased sharply by 21% y-o-y. Operating margin also Companies Reco. (Rs) (Rs) expanded by 251 bps y-o-y, better the expected 150 bps y-o-y expansion.
    [Show full text]
  • Case 1:06-Cv-01134-RCL Document 27 Filed 07/12/06 Page 1 of 10
    Case 1:06-cv-01134-RCL Document 27 Filed 07/12/06 Page 1 of 10 UNITED STATES DISTRICT COURT FOR THE DISTRICT OF COLUMBIA ____________________________________ SANDOZ, INC. , ) ) Plaintiff, ) ) v. ) Civil Action No. 06-1134 (RCL) ) FOOD AND DRUG ) ADMINISTRATION, et. al.,) ) Defendants. ) ____________________________________) MEMORANDUM OPINION This matter comes before the Court on the plaintiff’s motion [4] for a preliminary injunction. Upon consideration of plaintiff’s motion, the opposition thereto, plaintiff’s reply, the arguments of counsel, the applicable law, and the record in this case, the Court finds that plaintiff’s motion for preliminary injunction should be DENIED. BACKGROUND Congress established the Hatch-Waxman Act of 1984 to lower the regulatory barriers facing generic drug companies and to encourage those companies to challenge the patents blocking generic entry to the market. See, e.g., Andrx Pharms., Inc. v. Biovail Corp., 276 F.3d 1368, 1371 (Fed. Cir. 2002). In order to encourage generic drug companies to undertake the substantial cost of identifying patents to challenge and bearing the accompanying risks of potential patent litigation, Congress created a critical incentive to reward the first generic manufacturer to file a certification pursuant to 21 U.S.C. § 355(j)(2)(A)(vii)(IV) (a “Paragraph 1 Case 1:06-cv-01134-RCL Document 27 Filed 07/12/06 Page 2 of 10 IV certification”)1 challenging a pharmaceutical patent—namely, a 180 day period of exclusivity during which no other generic version of the drug can be approved. See 21 U.S.C. § 355(j)(5)(B)(iv) (2002); 21 C.F.R.
    [Show full text]
  • Saturday, 23Rd August 2014 Index Levels : Market Trend (Nifty)
    ` Saturday, 23rd August 2014 Index Levels : Market Trend (Nifty): Trend Reversal Point INDEX SUPPORTS RESISTANCES Period Current Trend (TRP)Nifty close basis NIFTY# 7930/8000/8090 Short Term Trend UP DOWN BELOW 7750 (7913.20) 7850/7760 SENSEX# 26250/26000 26550/26700/27200 Medium Term UP DOWN BELOW 7650 (26419.55) ITE-35* -------- -------- Long Term Trend UP DOWN BELOW 6500 (10239.68) ND #as on 22 August 2014 Imtiaz Merchant’s Best Picks: Indices: CURRENT Domestic COMPANY NAME SIZE SECTOR Close Points % Chg PRICE Indices Large Cipla Health Care 499 BSE Sensex 26419.55 59.44 0.23 % Cap Large Industrials and UPL 338 Nifty 7913.20 22.10 0.28 % Cap Capital Goods ITE Shariah 10239.68 42.83 0.42 % 35* S&P CNX 500 1919.15 4.92 0.12 % Note: (Buying should be done from a medium to long term perspective) Shariah Advance/ Advance Decline AD Un- Market Brief Decline Ratio Changed BSE 1462 1572 0.93:1 114 On the back of positive global cues and some NSE 693 782 0.89:1 60 reform announcements by the Union Shariah Government, the markets on Friday ended the Universe*** 291 269 1.08:1 15 day and the week on positive note; Auto, Info. Technology and Health Care sectors were the flavor of the week. The undertone appears to Global Indices Close Points % Chg be bullish. All the trends are up. More reform Dow Jones* 16979.13 60.36 0.36% announcements from the Govt. and good NASDAQ* 4526.48 5.62 0.12% corporate results will further fuel the rally and FTSE* 6755.48 22.18 0.33% the Nifty is likely to see the 8000 level soon.
    [Show full text]
  • Transfer of Technology for Successful Integration Into the Global Economy
    UNCTAD/ITE/IPC/Misc.22 Transfer of Technology for Successful Integration into the Global Economy A Case Study of the Pharmaceutical Industry in India Biswajit Dhar and C. Niranjan Rao, with inputs by Veena Gupta United Nations New York and Geneva 2002 Transfer of Technology Note This paper is part of the series of case studies on Transfer of Technology for Successful Integration into the Global Economy carried out by the Investment Policy and Capacity Building Branch, DITE, under the UNCTAD/UNDP Global Programme on Globalization, Liberalization and Sustainable Human Development: Best Practices in Transfer of Technology. The work has been carried out under the direction of Assad Omer, assisted by Maria Susana Arano. Overall guidance was provided by Khalil Hamdani. The views expressed by the authors do not necessarily represent those of UNCTAD or UNDP. UNCTAD/ITE/IPC/MISC. 22 ii Transfer of Technology TABLE OF CONTENTS Preface ………………………………………………………………………. vii Introduction.........................................................................................………. ix Chapter I: Historical overview of the Indian pharmaceutical industry 1 1. The policy regime since the 1970s…………………………………… 2 2. The new drug policy of 1978 2 A. Expansion of capabilities and the role of foreign firms……… 2 B. Emphasis on technology and R&D…………………………… 3 C. Price control regime…………………………………………. 4 3. Modifications to the drug policy……………………………………... 5 4. The Indian patent system..……………………………………………. 6 Chapter II: Impact of the policy regime on the development of the pharmaceutical industry.…………………………………………. 9 1. The effects of active policy intervention……………………………… 9 2. Performance of the pharmaceutical industry during the 1990s.........…. 14 A. Production…………………………………………………….. 15 B. Exports………………………………………………………… 16 C. Imports………………………………………………………… 19 D. Research and development…………………………………….
    [Show full text]
  • Merck & Co., Inc
    As filed with the Securities and Exchange Commission on February 25, 2021 UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D. C. 20549 _________________________________ FORM 10-K (MARK ONE) ☒ Annual Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the Fiscal Year Ended December 31, 2020 OR ☐ Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the transition period from to Commission File No. 1-6571 _________________________________ Merck & Co., Inc. 2000 Galloping Hill Road Kenilworth New Jersey 07033 (908) 740-4000 New Jersey 22-1918501 (State or other jurisdiction of incorporation) (I.R.S Employer Identification No.) Securities Registered pursuant to Section 12(b) of the Act: Title of Each Class Trading Symbol(s) Name of Each Exchange on which Registered Common Stock ($0.50 par value) MRK New York Stock Exchange 1.125% Notes due 2021 MRK/21 New York Stock Exchange 0.500% Notes due 2024 MRK 24 New York Stock Exchange 1.875% Notes due 2026 MRK/26 New York Stock Exchange 2.500% Notes due 2034 MRK/34 New York Stock Exchange 1.375% Notes due 2036 MRK 36A New York Stock Exchange Number of shares of Common Stock ($0.50 par value) outstanding as of January 31, 2021: 2,530,315,668. Aggregate market value of Common Stock ($0.50 par value) held by non-affiliates on June 30, 2020 based on closing price on June 30, 2020: $195,461,000,000. Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act.
    [Show full text]
  • Focused on Today... Poised for Tomorrow... V
    Plot No.90,Sector32,Gurgaon– 122001,Haryana(India) Tel.: +91-124-4135000.Fax:+91-124-4135001 www.ranbaxy.com Edited & Published by Global Corporate Communications at Ranbaxy; Concept & Design by United Advertising; Photography by Aditya Arya; Printed by Thomson Press . w o r r o m o t r o f d e s i o P . y a d o t n o d e s u c o F 7 0 0 2 t r o p e R l a u n n A F ocused ontoda y ... P oised f or tomor r ow ... Annual R e por t 2007 Emerging markets, niche and specialty segments, First-to-File (FTF) products in the US, the NDDR de-merger...indeed, there's a lot new on Ranbaxy's horizon this year. And while change is already underway, this is just the beginning, with several new initiatives lined up for the immediate future. As your Company pushes the frontiers of possibility, both horizontally and vertically, growth through scientific breakthroughs and strategic initiatives is just around the corner. The clear aspiration is to achieve global sales of US $ 5 Bn by 2012 and position Ranbaxy among the top 5 global generic companies. Focused on Today... Poised for Tomorrow... It is indeed a pleasant surprise when you discover something valuable and priceless in something as ordinary as an Oyster. But at Ranbaxy, we have always sensed it was there. The 'Pearl of Success' veiled beyond sight in markets yet untapped and in those wonderfully elusive niche areas, untouched. It took dogged pursuit, and an uncanny sense for business to unravel the marvel and prize it open, discovering along the way, the joys of first mover advantage.
    [Show full text]
  • Cigna Standard 4-Tier Prescription Drug List
    CIGNA STANDARD 4-TIER PRESCRIPTION DRUG LIST Coverage as of January 1, 2022 Offered by: Cigna Health and Life Insurance Company, Connecticut General Life Insurance Company, or their affiliates. 916152 j Standard 4-Tier O/I SRx 08/21 What’s inside? About this drug list 3 How to read this drug list 3 How to find your medication 5 Specialty medications 18 Medications that aren’t covered 25 Frequently Asked Questions (FAQs) 41 Exclusions and limitations for coverage 45 View the drug list online This document was last updated on 08/01/2021.* You can go online to see the current list of medications your plan covers. myCigna® App and myCigna.com. Click on the “Find Care & Costs” tab and select “Price a Medication.” Then type in your medication name to see how it’s covered. Cigna.com/PDL. Scroll down until you see a pdf of the Cigna Standard 4-Tier Prescription Drug List (all specialty medications covered on Tier 4). Questions? › myCigna.com: Click to chat Monday-Friday, 9:00 am-8:00 pm EST. › By phone: Call the toll-free number on your Cigna ID card. We’re here 24/7/365. * Drug list created: originally created 01/01/2004 Last updated: 08/01/2021, for changes Next planned update: 03/01/2022, for starting 01/01/2022 changes starting 07/01/2022 2 About this drug list This is a list of the most commonly prescribed medications covered on the Cigna Standard 4-Tier Prescription Drug List as of January 1, 2022.1,2 Medications are listed by the condition they treat, then listed alphabetically within tiers (or cost-share levels).
    [Show full text]
  • In the United States District Court for the Eastern District of Michigan
    Case 2:10-cv-10656-AC-MKM Document 1 Filed 02/16/10 Page 1 of 11 IN THE UNITED STATES DISTRICT COURT FOR THE EASTERN DISTRICT OF MICHIGAN ABBOTT LABORATORIES and ) ABBOTT RESPIRATORY LLC, ) ) Plaintiffs, ) ) C.A. No. 2:10-cv-10656 v. ) ) SUN PHARMACEUTICAL INDUSTRIES, LTD. ) and SUN PHARMA GLOBAL FZE, ) ) Defendants. ) COMPLAINT Plaintiffs Abbott Laboratories and Abbott Respiratory LLC (collectively, “Abbott”), by their attorneys, hereby allege as follows: Nature of the Action This is an action for patent infringement of U.S. Patent Nos. 6,080,428 (“the ‘428 patent”) and 6,469,035 (“the ‘035 patent”), arising under the patent laws of the United States, Title 35, United States Code, 35 U.S.C. §§ 271 and 281. This action relates to Abbreviated New Drug Application (“ANDA”) No. 20-0484 filed by Sun Pharma Global FZE (“Sun FZE”) with the U.S. Food and Drug Administration (“FDA”) for approval to market 500 mg and 1000 mg niacin extended-release tablets that are generic versions of the 500 mg and 1000 mg strength versions of Abbott’s highly successful NIASPAN® drug product. Related Actions The present action is related to an identical patent infringement action pending before the United States District Court for the District of Delaware, Abbott Laboratories and Abbott Case 2:10-cv-10656-AC-MKM Document 1 Filed 02/16/10 Page 2 of 11 Respiratory, LLC v. Sun Pharmaceutical Industries, Ltd. and Sun Pharmaceuticals, Inc. (C.A. 10-cv-112) (the “Delaware Sun Action”), pertaining to ANDA No. 20-0484 filed by Sun FZE for approval to market generic versions of Abbott’s 500 mg and 1000 mg strength NIASPAN® tablets.
    [Show full text]
  • INDIA OUTBOUND T&A Consulting Volume 6 Issue 4 3Rd April, 2017
    INDIA OUTBOUND T&A Consulting Volume 6 Issue 4 3rd April, 2017 As the Financial Year comes to an end so has an eventful The trend among Indian pharma firms of “building brands“ quarter. With the liquidity shock of de-monetization having been continued, with Aurobindo Pharma adding to its portfolio of managed and a healthy, albeit counter-intuitive GDP data biosimilars acquired from a Swiss firm and leveraging market (annualised GDP growth at 7.0% for Oct-Dec Qtr) having access across specialized therapeutic segments provided by a established the soundness of macroeconomic fundamentals, the Portugese generics firm. Also active was Piramal Enterprises, high for the current Government came in the form of results for acquiring the drug portfolio of UK-based Mallinckrodt LLC to reach a the Uttar Pradesh elections. The win for the Bhartiya Janata targeted segment across eight European markets. Sun Pharma and Party in U.P. has consolidated its hold at the Centre and across Zydus Cadilla were active in North America, with Zydus acquiring a India. What that means going forward is further stability on US drug firms for a sizeable cheque to bolster its specialty India’s policy front. Case in point has been the Government’s pharmaceuticals segment whilst Sun Pharma acquired a small push in the on-going budget session of Parliament to meet the Canadian drug discovery firm. On the IT front, the bigger boys of Indian July 2017 deadline in implementing the Goods and Services IT were active acquiring assets in Latin America and their preferred market Tax. The outbound investment story nevertheless continues - United States.
    [Show full text]