Shilpa Medicare Ltd has been restrained by the Delhi High Court from manufacturing and exporting Ruxolitinib, following a patent infringement injunction. The order impacts its oncology portfolio and raises investor concerns. The company is expected to contest the ruling while focusing on other therapeutic segments and international markets.
Shilpa Medicare Ltd, a leading Indian pharmaceutical company, has received an injunction order from the Delhi High Court that restrains it from manufacturing, exporting, and marketing Ruxolitinib, a drug used in the treatment of certain blood cancers and skin conditions. The order comes amid ongoing litigation over alleged patent infringement.
Key Highlights
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Court Order: The Delhi High Court issued an injunction prohibiting Shilpa Medicare from producing or exporting Ruxolitinib and its active pharmaceutical ingredient (API).
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Patent Dispute: The injunction stems from claims by patent holders alleging unauthorized manufacturing and export of the drug.
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Business Impact: Ruxolitinib is a critical therapy for myelofibrosis and graft-versus-host disease, and the restriction could affect Shilpa Medicare’s oncology portfolio.
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Legal Context: Similar injunctions have been issued in the past against generic manufacturers in India, reflecting the judiciary’s strict stance on intellectual property rights enforcement.
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Investor Sentiment: Analysts expect cautious trading in Shilpa Medicare’s stock as the company reviews legal options and potential remedies.
The company is likely to contest the injunction while continuing to focus on its broader pharmaceutical pipeline and exports in other therapeutic areas.
Sources: Aarti Pharma Labs Filing, Indian Kanoon – Delhi HC Orders, Lakshmikumaran & Sridharan Attorneys