Dublin, Ireland-based Allergan Pharmaceuticals settled litigation over its Delzicol prescription used to treat ulcerative colitis.
Here's what you should know.
1. Allegan settled with Pennington, N.J.-based Zydus Pharmaceuticals and Ahmedabad, India-based Cadila Healthcare.
2. If approved by the FDA, Zydus and Cadila could market generic versions of Delzicol in the United States beginning March 1, 2020.
3. No details regarding the statement were available.
4. Allergan's stocks opened at $190.40 on Dec. 2, 2016 and closed at $189.71. At noon on Dec. 5, 2016 the stock was up to $190.24.
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