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Ranbaxy invalidates Pfizer's Atorvastatin Patent in the Netherlands

Mumbai, Sept 13 (UNI) Ranbaxy Laboratories will invalidate Pfizer's patent of a cholesterol-lowering drug 'Atorvastatin' in compliance with the decision of the District Court of The Hague in the Netherlands.

Announcing this in a notice to BSE, Ranbaxy said it was handed down a decision in the Company's case against (Pfizer) Warner-Lambert over the cholesterol-lowering drug, 'Atorvastatin', which is marketed by Pfizer as Lipitor(r).

The three-judge panel held that (Pfizer) Warner-Lambert's European Patent 409 281 was invalid in the Netherlands. However, the Company's atorvastatin product was ruled to infringe the broadest claims of (Pfizer) Warner-Lambert's European Patent 247 633 in the Netherlands.

However, the Company is evaluating this decision and will decide on its course of action shortly.

UNI SN PM AG2004

SEBI constitutes 'Committee on Disclosures and Accounting Standards'

Mumbai, Sept 13 (UNI) Securities and Exchange Board of India (SEBI) has merged two earlier committees formed to advise SEBI on disclosure requirements and accounting standards to form, 'SEBI Committee on Disclosures and Accounting Standards'(SCODA), under the chairmanship of Shri Y. H. Malegamin, in order to address the overlaps in the areas addressed by them earlier, a SEBI release issued today said. According to the terms of reference of the committee it would advise.....

Escorts to spend Rs 25 cr in new plant at Uttaranchal

New Delhi, Sept 13 (UNI) Tractor and motorcycle maker Escorts Ltd today announced it is setting up a manufacturing facility at Integrated Industrial Estate, Pantnagar at an investment of Rs 25 crore. It will manufacture auto components and railway equipment and add to its existing product portfolio. ''Considering the ample scope for volume growth in both the sectors, we have been aiming to further leverage our manufacturing strengths. As part of our growth strategy,.....

One crore rural Indians to get employment by next year

Kolkata, Sept 13 (UNI) Union Rural Development Minister Raghuvansh Prasad Singh today said more than one crore people would find employment under different rural development programmes of the Centre by next year. Speaking to newspersons after chairing the two-day review meeting of five Eastern states about their performance, Dr Singh said about nine million rural Indians had been provided with jobs under the National Rural Employment Guarantee Scheme (NREGS), Sampoorna Gramin Rozgar Yojana(SGRY),.....
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