Mayne Pharma Settles IMVEXXY Patent Litigation With Sun Pharma

(RTTNews) - Mayne Pharma Group Limited (MYX.AX) has reached settlement with Sun Pharmaceutical Industries Ltd. (SUNPHARMA.NS), resolving the Paragraph 1V patent litigation concerning IMVEXXY (estradiol vaginal inserts) and its U.S. FDA Orange Book-listed patents. Under the settlement, Sun Pharma has agreed to an earliest generic market entry date of October 21, 2032, or earlier under certain limited circumstances, subject to court approval. No financial payments were made between the parties as part of the settlement. Mayne Pharma said the settlement reinforces the validity and enforceability of its IMVEXXY patent portfolio, with the last-expiring patent extending to February 2034.