Indian court grants temporary relief to Abbott, Glenmark in drug ban case

March 15, 2016 11:43 AM

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Indian court grants temporary relief to Abbott, Glenmark in drug ban case

NEW DELHI An Indian court on Tuesday granted interim injunction to U.S. drugmaker Abbott's India unit (ABOT.NS), and domestic companies Glenmark Pharmaceuticals (GLEN.NS) and Macleods Pharmaceuticals, on the prohibition on sale of several combination drugs.

India banned 344 drug combinations over the weekend, including Abbott's codeine-based cough syrup, after a government panel of experts found they had "no therapeutic justification."

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