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Sunday, Feb 06, 2005

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Morepen files patent

Our Bureau

NEW DELHI: Morepen Laboratories Ltd has filed a patent for a new polymorphic Form IV of cholesterol lowering drug, Atorvastatin Calcium, in about 33 countries, including the US, Canada and other European countries.

According to a company statement, Morepen received approval for Atorvastatin under the Patent Co-operation Treaty last year. Currently, the market for this drug is $10 billion and the company is in the process of finalising tie-ups with other generic companies in the US to market the drug there. It hopes to capture 15-20 per cent of the market.

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