Pfizer, Mylan Settle on Generic Effexor XR

Mylan to sell generic Effexor XR in mid-2011

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By: Tim Wright

Editor-in-Chief, Contract Pharma

Mylan Pharmaceuticals Inc. has entered into settlement and license agreement with Pfizer, relating to Venlafaxine Hydrochloride (HCl) Extended Release (ER) Capsules, 37.5 mg, 75 mg and 150 mg, the generic version ofEffexor XR Capsules, a treatment for major depressive disorder. The drug is marketed by Wyeth, which was acquired by Pfizer earlier this year. Mylan will be granted a non-exclusive license to the relevant patents that would permit Mylan to launch generic Venlafaxine HCl ER Capsules...

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