SlideShare a Scribd company logo
1 of 10
LIPITOR LITIGATION
Presented By:
YOGESH GARG
M. PHARMA (2nd Sem., Pharmaceutics)
170740009
CONTENT
 Introduction
 Lipitor Pfizer Legal Battles
 Ranbaxy Met Big Downfall In 2011
 Ranbaxy Recalls Two Lots Of Generic Lipitor In
U.S.
 Big Blow For Singh Brothers
 References
INTRODUCTION
What is Lipitor?
• LIPITOR (atorvastatin calcium)
• Lowers the LDL-C ("bad” cholesterol) and triglycerides
• Raise your HDL-C ("good" cholesterol)
Lipitor Litigation
• Pfizer had sued Ranbaxy Laboratories, accusing the
company of infringing a US patent for the best-selling
cholesterol medicine Lipitor.
• Pfizer says Ranbaxy’s US unit has applied to the US
Food and Drug Administration to market a generic
version of Lipitor.
• The federal lawsuit was filed on Friday in Delaware,
asked a judge to prohibit Ranbaxy from making and
marketing the drug before Pfizer's 1987 US patent
expires in 2010.
LIPITOR PFIZER LEGAL BATTLES
• 17 Dec 2006 Friday, Pfizer Inc. won a major court victory, when a Federal
judge in Delaware, ruled in its favor in a patent fight over its blockbuster
drug Lipitor, an $11 billion best-seller used by more than 18 million
Americans.
• U.S. District Judge Joseph J. Farnan ruled that two patents covering
atorvastatin, the active ingredient in Lipitor, were being infringed upon by a
generic version of the drug made by Ranbaxy Laboratories Ltd.
• Ranbaxy officials said Friday that they will appeal the federal court
decision.
• With Friday's U.S. ruling, Lipitor's exclusivity is protected until June 2011.
• In Oct 2007, Ranbaxy lost a court battle over Lipitor's patents in England.
RANBAXY MET BIG DOWNFALL IN 2011
• Ranbaxy Met Big Downfall in 2011 Second Quarter On Friday, it
has been reported by Ranbaxy Laboratories that its shares have been
down by 2.51% in the second quarter. They have met a 25% fall in
their net profit during the period.
• Recently, it has come into knowledge that this Gurgaon- based
company, in order to look out for a solution for its regulatory issues,
is working with the US authorities of Food and Drug Administration
and the Department of Justice.
• As told by Arun Sawhney, who is the managing director of Ranbaxy,
"We remain optimistic going ahead to protect our business and
resolve the issue".
RANBAXY RECALLS TWO LOTS OF
GENERIC LIPITOR IN U.S.
• India-based generic drug maker Ranbaxy Laboratories has issued a
recall of generic versions of the cholesterol drug Lipitor in the U.S.
because of potential dosage issues.
• The company recalled more than 64,000 bottles of 10-milligram
tablets of atorvastatin calcium—the active ingredient in Lipitor—
saying some bottles could possibly contain a higher dose, the U.S.
Food and Drug Administration said in a note.
• Ranbaxy confirmed the recall on Friday, noting that the recall started
in mid-January. Notice of the recall was posted on the FDA's
website this week.
BIG BLOW FOR SINGH BROTHERS
•2006: US FDA issues warning letter to Ranbaxy’s Paonta Sahib facility
•2007: A whistle-blower’s lawsuit alleges Ranbaxy defrauded Federal programs
•Jun 2008: Daiichi Sankyo acquires majority stake in Ranbaxy
•Sep 2008: FDA imposes import alert on Ranbaxy’s Paonta Sahib and Dewas factories; bans 30
drugs
•May 2013: Criminal charges filed; Ranbaxy agrees to pay a fine of $500 million
•Sep 2013: US bans imports from Ranbaxy’s new formulations factory in Mohali
•Nov 2013: Daiichi Sankyo accuses Singh brothers of hiding information regarding
investigations, files a case in Singapore court
•Jan 2014: US FDA bans imports from Ranbaxy’s main API factory in Toansa
•Apr 2014: Sun Pharmaceutical acquires Ranbaxy in a $4-bn deal
•Sep 2015: Shivinder Mohan Singh steps down, joins Radha Soami Satsang Beas, an Amritsar-
based spiritual organization
REFERENCES
• https://www.lipitor.com/what-lipitor-does visited on 27/01/2018
• https://www.cnbc.com/2014/03/07/indias-ranbaxy-issues-massive-
recall-of-generic-lipitor.html visited on 28/01/2018
• http://www.thehindu.com/todays-paper/tp-business/Pfizer-wins-
Lipitor-patent-case/article15292186.ece visited on 28/01/2018
• http://www.topnews.in/ranbaxy-met-big-downfall-2011-second-
quarter-2337406 visited on 29/01/2018
• https://www.reuters.com/article/us-lipitor-lawsuit/pfizer-ranbaxy-
win-dismissal-of-lawsuit-over-generic-lipitor-
idUSKBN0H72FS20140912 visited on 29/01/2018
Lipitor litigation

More Related Content

Similar to Lipitor litigation

Biosimilars -- Wave of the Future or Child of the Privileged Few?
Biosimilars -- Wave of the Future or Child of the Privileged Few?Biosimilars -- Wave of the Future or Child of the Privileged Few?
Biosimilars -- Wave of the Future or Child of the Privileged Few?Michael Swit
 
Ranbaxy and mankind pharmaceutical
Ranbaxy  and mankind pharmaceuticalRanbaxy  and mankind pharmaceutical
Ranbaxy and mankind pharmaceuticalabhishek_jaiswal
 
Generic Drugs and Biosimilars
Generic Drugs and BiosimilarsGeneric Drugs and Biosimilars
Generic Drugs and BiosimilarsMichael Swit
 
Marketing Mix, PLC, SWOT Analysis - LIPITOR
Marketing Mix, PLC, SWOT Analysis - LIPITORMarketing Mix, PLC, SWOT Analysis - LIPITOR
Marketing Mix, PLC, SWOT Analysis - LIPITORJ. D. Chudasama
 
IPR CASE STUDY (Cipla vs roche)
IPR CASE STUDY (Cipla vs roche)IPR CASE STUDY (Cipla vs roche)
IPR CASE STUDY (Cipla vs roche)Rohit Kumar Giri
 
Merger & Acquisition Deal Analysis
Merger & Acquisition Deal AnalysisMerger & Acquisition Deal Analysis
Merger & Acquisition Deal AnalysisRBSA Advisors
 
UNDERSTANDING GENERIC VS INNOVATOR BUSINESS
UNDERSTANDING GENERIC VS INNOVATOR BUSINESSUNDERSTANDING GENERIC VS INNOVATOR BUSINESS
UNDERSTANDING GENERIC VS INNOVATOR BUSINESSKabin Maleku
 
Market Exclusivity Under the Waxman-Hatch Act
Market Exclusivity Under the Waxman-Hatch ActMarket Exclusivity Under the Waxman-Hatch Act
Market Exclusivity Under the Waxman-Hatch ActMichael Swit
 
FDA Regulation of Biosimilars
FDA Regulation of BiosimilarsFDA Regulation of Biosimilars
FDA Regulation of BiosimilarsMichael Swit
 
Generic drug product development.pptx
Generic drug product development.pptxGeneric drug product development.pptx
Generic drug product development.pptxPreeti Kulkarni
 
pharma regulatory a
pharma regulatory apharma regulatory a
pharma regulatory aswapy123
 
Top generic pharma companies in india ppt
Top generic pharma companies in india pptTop generic pharma companies in india ppt
Top generic pharma companies in india pptAditiMehra14
 
Present Status and Scope of Pharmaceutical industry in India
Present Status and Scope of Pharmaceutical industry in IndiaPresent Status and Scope of Pharmaceutical industry in India
Present Status and Scope of Pharmaceutical industry in IndiaMadhuraNewrekar
 

Similar to Lipitor litigation (20)

Biosimilars Webinar June 29, 2016 Slides
Biosimilars Webinar June 29, 2016 SlidesBiosimilars Webinar June 29, 2016 Slides
Biosimilars Webinar June 29, 2016 Slides
 
Biosimilars -- Wave of the Future or Child of the Privileged Few?
Biosimilars -- Wave of the Future or Child of the Privileged Few?Biosimilars -- Wave of the Future or Child of the Privileged Few?
Biosimilars -- Wave of the Future or Child of the Privileged Few?
 
Ranbaxy and mankind pharmaceutical
Ranbaxy  and mankind pharmaceuticalRanbaxy  and mankind pharmaceutical
Ranbaxy and mankind pharmaceutical
 
Generic Drugs and Biosimilars
Generic Drugs and BiosimilarsGeneric Drugs and Biosimilars
Generic Drugs and Biosimilars
 
Marketing Mix, PLC, SWOT Analysis - LIPITOR
Marketing Mix, PLC, SWOT Analysis - LIPITORMarketing Mix, PLC, SWOT Analysis - LIPITOR
Marketing Mix, PLC, SWOT Analysis - LIPITOR
 
Para i iv orange book
Para i iv orange bookPara i iv orange book
Para i iv orange book
 
IPR CASE STUDY (Cipla vs roche)
IPR CASE STUDY (Cipla vs roche)IPR CASE STUDY (Cipla vs roche)
IPR CASE STUDY (Cipla vs roche)
 
Anda ppt
Anda pptAnda ppt
Anda ppt
 
Exporting Your Dietary Supplements to the U.S.A
Exporting Your Dietary Supplements to the U.S.AExporting Your Dietary Supplements to the U.S.A
Exporting Your Dietary Supplements to the U.S.A
 
Merger & Acquisition Deal Analysis
Merger & Acquisition Deal AnalysisMerger & Acquisition Deal Analysis
Merger & Acquisition Deal Analysis
 
UNDERSTANDING GENERIC VS INNOVATOR BUSINESS
UNDERSTANDING GENERIC VS INNOVATOR BUSINESSUNDERSTANDING GENERIC VS INNOVATOR BUSINESS
UNDERSTANDING GENERIC VS INNOVATOR BUSINESS
 
Patent war case
Patent war casePatent war case
Patent war case
 
Donald R. Ware, Assessing the Viability of FDA's Biosimilars Pathway
Donald R. Ware, Assessing the Viability of FDA's Biosimilars PathwayDonald R. Ware, Assessing the Viability of FDA's Biosimilars Pathway
Donald R. Ware, Assessing the Viability of FDA's Biosimilars Pathway
 
Market Exclusivity Under the Waxman-Hatch Act
Market Exclusivity Under the Waxman-Hatch ActMarket Exclusivity Under the Waxman-Hatch Act
Market Exclusivity Under the Waxman-Hatch Act
 
FDA Regulation of Biosimilars
FDA Regulation of BiosimilarsFDA Regulation of Biosimilars
FDA Regulation of Biosimilars
 
Generic drug product development.pptx
Generic drug product development.pptxGeneric drug product development.pptx
Generic drug product development.pptx
 
pharma regulatory a
pharma regulatory apharma regulatory a
pharma regulatory a
 
Swapnil2
Swapnil2Swapnil2
Swapnil2
 
Top generic pharma companies in india ppt
Top generic pharma companies in india pptTop generic pharma companies in india ppt
Top generic pharma companies in india ppt
 
Present Status and Scope of Pharmaceutical industry in India
Present Status and Scope of Pharmaceutical industry in IndiaPresent Status and Scope of Pharmaceutical industry in India
Present Status and Scope of Pharmaceutical industry in India
 

Recently uploaded

Introduction to ArtificiaI Intelligence in Higher Education
Introduction to ArtificiaI Intelligence in Higher EducationIntroduction to ArtificiaI Intelligence in Higher Education
Introduction to ArtificiaI Intelligence in Higher Educationpboyjonauth
 
Grant Readiness 101 TechSoup and Remy Consulting
Grant Readiness 101 TechSoup and Remy ConsultingGrant Readiness 101 TechSoup and Remy Consulting
Grant Readiness 101 TechSoup and Remy ConsultingTechSoup
 
Industrial Policy - 1948, 1956, 1973, 1977, 1980, 1991
Industrial Policy - 1948, 1956, 1973, 1977, 1980, 1991Industrial Policy - 1948, 1956, 1973, 1977, 1980, 1991
Industrial Policy - 1948, 1956, 1973, 1977, 1980, 1991RKavithamani
 
Separation of Lanthanides/ Lanthanides and Actinides
Separation of Lanthanides/ Lanthanides and ActinidesSeparation of Lanthanides/ Lanthanides and Actinides
Separation of Lanthanides/ Lanthanides and ActinidesFatimaKhan178732
 
A Critique of the Proposed National Education Policy Reform
A Critique of the Proposed National Education Policy ReformA Critique of the Proposed National Education Policy Reform
A Critique of the Proposed National Education Policy ReformChameera Dedduwage
 
Beyond the EU: DORA and NIS 2 Directive's Global Impact
Beyond the EU: DORA and NIS 2 Directive's Global ImpactBeyond the EU: DORA and NIS 2 Directive's Global Impact
Beyond the EU: DORA and NIS 2 Directive's Global ImpactPECB
 
Paris 2024 Olympic Geographies - an activity
Paris 2024 Olympic Geographies - an activityParis 2024 Olympic Geographies - an activity
Paris 2024 Olympic Geographies - an activityGeoBlogs
 
BASLIQ CURRENT LOOKBOOK LOOKBOOK(1) (1).pdf
BASLIQ CURRENT LOOKBOOK  LOOKBOOK(1) (1).pdfBASLIQ CURRENT LOOKBOOK  LOOKBOOK(1) (1).pdf
BASLIQ CURRENT LOOKBOOK LOOKBOOK(1) (1).pdfSoniaTolstoy
 
Web & Social Media Analytics Previous Year Question Paper.pdf
Web & Social Media Analytics Previous Year Question Paper.pdfWeb & Social Media Analytics Previous Year Question Paper.pdf
Web & Social Media Analytics Previous Year Question Paper.pdfJayanti Pande
 
The Most Excellent Way | 1 Corinthians 13
The Most Excellent Way | 1 Corinthians 13The Most Excellent Way | 1 Corinthians 13
The Most Excellent Way | 1 Corinthians 13Steve Thomason
 
SOCIAL AND HISTORICAL CONTEXT - LFTVD.pptx
SOCIAL AND HISTORICAL CONTEXT - LFTVD.pptxSOCIAL AND HISTORICAL CONTEXT - LFTVD.pptx
SOCIAL AND HISTORICAL CONTEXT - LFTVD.pptxiammrhaywood
 
Introduction to AI in Higher Education_draft.pptx
Introduction to AI in Higher Education_draft.pptxIntroduction to AI in Higher Education_draft.pptx
Introduction to AI in Higher Education_draft.pptxpboyjonauth
 
“Oh GOSH! Reflecting on Hackteria's Collaborative Practices in a Global Do-It...
“Oh GOSH! Reflecting on Hackteria's Collaborative Practices in a Global Do-It...“Oh GOSH! Reflecting on Hackteria's Collaborative Practices in a Global Do-It...
“Oh GOSH! Reflecting on Hackteria's Collaborative Practices in a Global Do-It...Marc Dusseiller Dusjagr
 
microwave assisted reaction. General introduction
microwave assisted reaction. General introductionmicrowave assisted reaction. General introduction
microwave assisted reaction. General introductionMaksud Ahmed
 
Z Score,T Score, Percential Rank and Box Plot Graph
Z Score,T Score, Percential Rank and Box Plot GraphZ Score,T Score, Percential Rank and Box Plot Graph
Z Score,T Score, Percential Rank and Box Plot GraphThiyagu K
 
18-04-UA_REPORT_MEDIALITERAСY_INDEX-DM_23-1-final-eng.pdf
18-04-UA_REPORT_MEDIALITERAСY_INDEX-DM_23-1-final-eng.pdf18-04-UA_REPORT_MEDIALITERAСY_INDEX-DM_23-1-final-eng.pdf
18-04-UA_REPORT_MEDIALITERAСY_INDEX-DM_23-1-final-eng.pdfssuser54595a
 
Interactive Powerpoint_How to Master effective communication
Interactive Powerpoint_How to Master effective communicationInteractive Powerpoint_How to Master effective communication
Interactive Powerpoint_How to Master effective communicationnomboosow
 

Recently uploaded (20)

Código Creativo y Arte de Software | Unidad 1
Código Creativo y Arte de Software | Unidad 1Código Creativo y Arte de Software | Unidad 1
Código Creativo y Arte de Software | Unidad 1
 
Staff of Color (SOC) Retention Efforts DDSD
Staff of Color (SOC) Retention Efforts DDSDStaff of Color (SOC) Retention Efforts DDSD
Staff of Color (SOC) Retention Efforts DDSD
 
Introduction to ArtificiaI Intelligence in Higher Education
Introduction to ArtificiaI Intelligence in Higher EducationIntroduction to ArtificiaI Intelligence in Higher Education
Introduction to ArtificiaI Intelligence in Higher Education
 
Grant Readiness 101 TechSoup and Remy Consulting
Grant Readiness 101 TechSoup and Remy ConsultingGrant Readiness 101 TechSoup and Remy Consulting
Grant Readiness 101 TechSoup and Remy Consulting
 
Industrial Policy - 1948, 1956, 1973, 1977, 1980, 1991
Industrial Policy - 1948, 1956, 1973, 1977, 1980, 1991Industrial Policy - 1948, 1956, 1973, 1977, 1980, 1991
Industrial Policy - 1948, 1956, 1973, 1977, 1980, 1991
 
Separation of Lanthanides/ Lanthanides and Actinides
Separation of Lanthanides/ Lanthanides and ActinidesSeparation of Lanthanides/ Lanthanides and Actinides
Separation of Lanthanides/ Lanthanides and Actinides
 
A Critique of the Proposed National Education Policy Reform
A Critique of the Proposed National Education Policy ReformA Critique of the Proposed National Education Policy Reform
A Critique of the Proposed National Education Policy Reform
 
Beyond the EU: DORA and NIS 2 Directive's Global Impact
Beyond the EU: DORA and NIS 2 Directive's Global ImpactBeyond the EU: DORA and NIS 2 Directive's Global Impact
Beyond the EU: DORA and NIS 2 Directive's Global Impact
 
Paris 2024 Olympic Geographies - an activity
Paris 2024 Olympic Geographies - an activityParis 2024 Olympic Geographies - an activity
Paris 2024 Olympic Geographies - an activity
 
BASLIQ CURRENT LOOKBOOK LOOKBOOK(1) (1).pdf
BASLIQ CURRENT LOOKBOOK  LOOKBOOK(1) (1).pdfBASLIQ CURRENT LOOKBOOK  LOOKBOOK(1) (1).pdf
BASLIQ CURRENT LOOKBOOK LOOKBOOK(1) (1).pdf
 
Web & Social Media Analytics Previous Year Question Paper.pdf
Web & Social Media Analytics Previous Year Question Paper.pdfWeb & Social Media Analytics Previous Year Question Paper.pdf
Web & Social Media Analytics Previous Year Question Paper.pdf
 
The Most Excellent Way | 1 Corinthians 13
The Most Excellent Way | 1 Corinthians 13The Most Excellent Way | 1 Corinthians 13
The Most Excellent Way | 1 Corinthians 13
 
SOCIAL AND HISTORICAL CONTEXT - LFTVD.pptx
SOCIAL AND HISTORICAL CONTEXT - LFTVD.pptxSOCIAL AND HISTORICAL CONTEXT - LFTVD.pptx
SOCIAL AND HISTORICAL CONTEXT - LFTVD.pptx
 
Introduction to AI in Higher Education_draft.pptx
Introduction to AI in Higher Education_draft.pptxIntroduction to AI in Higher Education_draft.pptx
Introduction to AI in Higher Education_draft.pptx
 
“Oh GOSH! Reflecting on Hackteria's Collaborative Practices in a Global Do-It...
“Oh GOSH! Reflecting on Hackteria's Collaborative Practices in a Global Do-It...“Oh GOSH! Reflecting on Hackteria's Collaborative Practices in a Global Do-It...
“Oh GOSH! Reflecting on Hackteria's Collaborative Practices in a Global Do-It...
 
microwave assisted reaction. General introduction
microwave assisted reaction. General introductionmicrowave assisted reaction. General introduction
microwave assisted reaction. General introduction
 
Z Score,T Score, Percential Rank and Box Plot Graph
Z Score,T Score, Percential Rank and Box Plot GraphZ Score,T Score, Percential Rank and Box Plot Graph
Z Score,T Score, Percential Rank and Box Plot Graph
 
Mattingly "AI & Prompt Design: The Basics of Prompt Design"
Mattingly "AI & Prompt Design: The Basics of Prompt Design"Mattingly "AI & Prompt Design: The Basics of Prompt Design"
Mattingly "AI & Prompt Design: The Basics of Prompt Design"
 
18-04-UA_REPORT_MEDIALITERAСY_INDEX-DM_23-1-final-eng.pdf
18-04-UA_REPORT_MEDIALITERAСY_INDEX-DM_23-1-final-eng.pdf18-04-UA_REPORT_MEDIALITERAСY_INDEX-DM_23-1-final-eng.pdf
18-04-UA_REPORT_MEDIALITERAСY_INDEX-DM_23-1-final-eng.pdf
 
Interactive Powerpoint_How to Master effective communication
Interactive Powerpoint_How to Master effective communicationInteractive Powerpoint_How to Master effective communication
Interactive Powerpoint_How to Master effective communication
 

Lipitor litigation

  • 1. LIPITOR LITIGATION Presented By: YOGESH GARG M. PHARMA (2nd Sem., Pharmaceutics) 170740009
  • 2. CONTENT  Introduction  Lipitor Pfizer Legal Battles  Ranbaxy Met Big Downfall In 2011  Ranbaxy Recalls Two Lots Of Generic Lipitor In U.S.  Big Blow For Singh Brothers  References
  • 3. INTRODUCTION What is Lipitor? • LIPITOR (atorvastatin calcium) • Lowers the LDL-C ("bad” cholesterol) and triglycerides • Raise your HDL-C ("good" cholesterol)
  • 4. Lipitor Litigation • Pfizer had sued Ranbaxy Laboratories, accusing the company of infringing a US patent for the best-selling cholesterol medicine Lipitor. • Pfizer says Ranbaxy’s US unit has applied to the US Food and Drug Administration to market a generic version of Lipitor. • The federal lawsuit was filed on Friday in Delaware, asked a judge to prohibit Ranbaxy from making and marketing the drug before Pfizer's 1987 US patent expires in 2010.
  • 5. LIPITOR PFIZER LEGAL BATTLES • 17 Dec 2006 Friday, Pfizer Inc. won a major court victory, when a Federal judge in Delaware, ruled in its favor in a patent fight over its blockbuster drug Lipitor, an $11 billion best-seller used by more than 18 million Americans. • U.S. District Judge Joseph J. Farnan ruled that two patents covering atorvastatin, the active ingredient in Lipitor, were being infringed upon by a generic version of the drug made by Ranbaxy Laboratories Ltd. • Ranbaxy officials said Friday that they will appeal the federal court decision. • With Friday's U.S. ruling, Lipitor's exclusivity is protected until June 2011. • In Oct 2007, Ranbaxy lost a court battle over Lipitor's patents in England.
  • 6. RANBAXY MET BIG DOWNFALL IN 2011 • Ranbaxy Met Big Downfall in 2011 Second Quarter On Friday, it has been reported by Ranbaxy Laboratories that its shares have been down by 2.51% in the second quarter. They have met a 25% fall in their net profit during the period. • Recently, it has come into knowledge that this Gurgaon- based company, in order to look out for a solution for its regulatory issues, is working with the US authorities of Food and Drug Administration and the Department of Justice. • As told by Arun Sawhney, who is the managing director of Ranbaxy, "We remain optimistic going ahead to protect our business and resolve the issue".
  • 7. RANBAXY RECALLS TWO LOTS OF GENERIC LIPITOR IN U.S. • India-based generic drug maker Ranbaxy Laboratories has issued a recall of generic versions of the cholesterol drug Lipitor in the U.S. because of potential dosage issues. • The company recalled more than 64,000 bottles of 10-milligram tablets of atorvastatin calcium—the active ingredient in Lipitor— saying some bottles could possibly contain a higher dose, the U.S. Food and Drug Administration said in a note. • Ranbaxy confirmed the recall on Friday, noting that the recall started in mid-January. Notice of the recall was posted on the FDA's website this week.
  • 8. BIG BLOW FOR SINGH BROTHERS •2006: US FDA issues warning letter to Ranbaxy’s Paonta Sahib facility •2007: A whistle-blower’s lawsuit alleges Ranbaxy defrauded Federal programs •Jun 2008: Daiichi Sankyo acquires majority stake in Ranbaxy •Sep 2008: FDA imposes import alert on Ranbaxy’s Paonta Sahib and Dewas factories; bans 30 drugs •May 2013: Criminal charges filed; Ranbaxy agrees to pay a fine of $500 million •Sep 2013: US bans imports from Ranbaxy’s new formulations factory in Mohali •Nov 2013: Daiichi Sankyo accuses Singh brothers of hiding information regarding investigations, files a case in Singapore court •Jan 2014: US FDA bans imports from Ranbaxy’s main API factory in Toansa •Apr 2014: Sun Pharmaceutical acquires Ranbaxy in a $4-bn deal •Sep 2015: Shivinder Mohan Singh steps down, joins Radha Soami Satsang Beas, an Amritsar- based spiritual organization
  • 9. REFERENCES • https://www.lipitor.com/what-lipitor-does visited on 27/01/2018 • https://www.cnbc.com/2014/03/07/indias-ranbaxy-issues-massive- recall-of-generic-lipitor.html visited on 28/01/2018 • http://www.thehindu.com/todays-paper/tp-business/Pfizer-wins- Lipitor-patent-case/article15292186.ece visited on 28/01/2018 • http://www.topnews.in/ranbaxy-met-big-downfall-2011-second- quarter-2337406 visited on 29/01/2018 • https://www.reuters.com/article/us-lipitor-lawsuit/pfizer-ranbaxy- win-dismissal-of-lawsuit-over-generic-lipitor- idUSKBN0H72FS20140912 visited on 29/01/2018