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CP-CD: issues fall as MFs stay away
Issuances of short-term money market instruments fell today because mutual funds — the major investors for such papers —were not keen on investing due to low rates, dealers said.

Analysts more optimistic about IT services companies
The year 2009 was one of the most challenging years for the Indian information technology (IT) services sector. Even as IT spends went down by almost 6-8 per cent globally, Indian IT companies had to grapple with the confession by Ramalinga Raju regarding a nearly Rs 8,000-crore fraud at Satyam Computer Services.

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Paradigm shift in rural buying pattern: CII study
The consumption trend in rural areas has shown a paradigm shift from price-driven to quality-driven products, points out a recent study on rural marketing by the Confederation of Indian Industries (CII).
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Glenmark faces patent infringement case in US

Drug maker Glenmark Pharmaceuticals today said it was facing a lawsuit in a US District Court for a patent infringement case of an anti-malaria product. - Glenmark"s drug fails clinical trials - GSK to launch 5-6 products in current year - Glenmark confirms Smithkline's lawsuit in US - Volume growth, lower input costs help FMCG companies - Glenmark gets US nod for ointment - Horlicks stretches out Smithkline Beecham Corporation, a part of global pharma major Glaxosmithkline (GSK), has filed a patent infringement lawsuit on the company’s US subsidiary Glenmark Generics Inc in the District Court of Delaware, the Mumbai-headquartered firm said in a statement to stock exchanges. The lawsuit is in connection with Glenmark’s intention to make generic versions of two tablets — Atovaquone and Proguanil hydrochloride — on which GSK holds a patent right. GSK currently markets their product as ‘Malarone’ in the US for the treatment of malaria. According to an estimate, for the 12 months ended June, total sales of the product in the US is about $53 million. In the event of Glenmark’s successfully challenging GSK’s patent, the company would be entitled for a 180-days exclusive marketing right of these tablets in the US. Glenmark has already filed an application before the US Food and Drug Administration (FDA) for manufacturing the generic versions of Atovaquone and Proguanil. The company believes it is the sole first applicant for these tablets.


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