India's Venus Remedies Gets European Patent for Painkiller Injection

India's Venus Remedies has been granted a patent by the European Patent Office for its drug Achnil, a once-a-day painkiller injection.

Venus Remedies plans to commercialize Achnil, which has been developed over the past five years, through out-licensing of exclusive market rights major pharmaceutical companies, the company said in a statement. It also said Achnil has completed Phase III clinical trials.

"This novel formulation based on NDDS (Novel Drug Delivery System) technology is going to fill the gap of long standing demand for better pain management therapy," said Venu