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11 Cong MPs from Telangana decide to quit
Eleven Congress MPs from Telangana today decided to resign from the House in protest against the Centre"s decision that appeared to put the separate state issue on the backburner. http://smallpersonalloans.org.uk

Videocon to roll out 15 more handsets, eyes 3G phone
Conglomerate Videocon, which has forayed into mobile handset space, has said that it plans to achieve a pan-Indian presence by end of February and roll out 15 more models of handsets in two months.

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Redemption in MF equity schemes peaks in October
Market volatility has hit equity schemes of domestic mutual funds. The category has seen the highest monthly redemption so far in the current financial year in October, with net outflow crossing Rs 2,100 crore.
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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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