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CHESS #419
THIS YEAR will be remembered as the beginning of the Magnus Carlsen era. Carlsen is not yet world champion. In fact, he can’t be, earlier than 2011-12. However, the world championship looks inevitable, even if it"s tempting fate to say it.

Pharma offers huge investment opportunities: Azad
With drugs worth $80 billion going off patent within three years in the US, there is a huge potential for investing in India"s bustling pharma sector given its capacity to produce affordable medicines, Health Minister Ghulam Nabi Azad said today.

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VE Commercial Vehicles' October sales up 65%
Auto maker VE Commercial Vehicles today reported 65.11 per cent growth in its total sales of Eicher trucks and buses in October at 2,257 units.
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Glenmark confirms Smithkline's lawsuit in US

Glenmark Generics Ltd, a subsidiary of Glenmark Pharmaceuticals Ltd, has confirmed that Smithkline Beecham Corporation (d/b/a) Glaxosmithkline (GSK) filed a patent infringement lawsuit on their US subsidiary, Glenmark Generics Inc, USA (Glenmark) in the US District Court for the District of Delaware in connection with the Abbreviated New Drug Application (ANDA) filing for Atovaquone and Proguanil hydrochloride 250mg/ 100mg tablets. - Maruti, Asian Paints at life-time high - NEWSALERT: GlaxoSmithkline Consumer Healthcare posts 20% rise in Q1 profit - Lupin, Matrix face antitrust probe in EU - GSK Consumer slips after posting new high - Dr Reddy"s signs strategic pact with GSK - GlaxoSmithKline to launch up to 12 products this year GSK currently markets their product as Malarone(R) in the United States and is indicated for the prevention and treatment of malaria. Total US sales as reported by IMS Health for the 12 month period ending June 2009 were approximately $53 million. Glenmark believes it is the sole first to file applicant on this product. Glenmark had earlier filed its ANDA containing a paragraph IV certification for its generic version of atovaquone and proguanil hydrochloride tablets with the US Food & Drug Administration (FDA), and following receipt of the notice from the FDA that Glenmark’s ANDA had been accepted for filing, notified the New Drug Application (NDA) holder and patent owner. Smithkline Beecham Corporation’s lawsuit is part of the patent challenge process under the Hatch Waxman Act. Based on the information published by the FDA, Glenmark believes it may be the first applicant to have filed an ANDA for this product with a paragraph IV certification. In the event that Glenmark successfully challenges the patent, Glenmark will he entitled to a 180-day exclusively period. Glenmark’s current portfolio consists of over 40 products authorised for distribution in the US marketplace. The company has 45 ANDA’s pending for approval with the US FDA. With this filing, Glenmark has four sole first-to-file products currently under litigation under the Hatch-Waxman Act. The other three products are Zetia(R) (Ezetimibe), Tarka ® (Trandolapril + Verapamil) and Cutivate ® (Flutleasone lotion) - Pending successful patent challenges, Glenmark will be entitled to sole marketing exclusively for the 180-day period.


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