Stock Markets February 10, 2026

Lupin, Astellas Settle Mirabegron Patent Case for $90 Million

Agreement secures Lupin’s ability to keep selling the bladder control drug in the U.S. while imposing upfront and per-unit payments through 2027

By Ajmal Hussain
Lupin, Astellas Settle Mirabegron Patent Case for $90 Million

Indian pharmaceutical company Lupin has agreed to pay Japan’s Astellas Pharma $90 million to resolve a patent infringement dispute over the bladder control medication Mirabegron, allowing Lupin to continue U.S. sales. The payment structure includes a $75 million prepaid option and additional per-unit licensing fees on sales of Mirabegron through September 2027. The settlement ends litigation that was disclosed in April 2025 and is expected to weigh on Lupin’s near-term profitability while clarifying its path for future U.S. revenues.

Key Points

  • Lupin and its U.S. subsidiary will pay Astellas $90 million to settle a Mirabegron patent dispute - impacts pharmaceutical and healthcare sectors.
  • Payment breakdown includes a $75 million prepaid option payment plus an undisclosed per-unit license fee on U.S. Mirabegron sales through September 2027 - affects Lupin’s near-term profitability and cash flow.
  • Settlement ends litigation disclosed in April 2025 and provides a clearer revenue path for Lupin’s Mirabegron business in the U.S. - relevant for investors tracking litigation risks and revenue continuity.

Overview

India’s Lupin has reached a settlement with Japan’s Astellas Pharma to resolve a patent infringement dispute related to the bladder control drug Mirabegron, allowing Lupin to continue marketing the product in the United States.

Financial terms of the agreement

According to an exchange filing, the total consideration to be paid to Astellas is $90 million. That amount comprises a $75 million prepaid option payment, accompanied by a per-unit licensing fee on Mirabegron sales in the U.S. The filing specifies that the per-unit fee will apply through September 2027 but does not disclose the precise per-unit amount.

Legal status

The settlement terminates the litigation between the two companies that had been publicly disclosed in April 2025. With the agreement in place, the pending legal proceedings tied to the patent dispute have been concluded.

Operational and financial implications for Lupin

Mirabegron represents a significant product for Lupin in the U.S. market, accounting for the bulk of the company’s revenues there. The settlement secures Lupin’s ability to continue selling the drug stateside but introduces an immediate cash outflow and recurring fees that are expected to reduce near-term profitability. At the same time, by resolving the patent dispute and defining the licensing arrangement through 2027, the deal creates a more certain outlook for future earnings tied to Mirabegron sales.

Market sectors affected

The agreement primarily touches the pharmaceutical and healthcare sectors, with direct implications for companies involved in branded and generic drugs as well as investors tracking litigation-related risks and revenue continuity in U.S. markets.

Conclusion

The negotiated settlement between Lupin and Astellas ends the dispute over Mirabegron and permits Lupin to maintain its U.S. business for the drug under a defined payment arrangement. While the payments and ongoing license fees will exert pressure on short-term profitability, the removal of legal uncertainty establishes a clearer trajectory for revenue generation from Mirabegron through the period covered by the agreement.


Summary section

Lupin will pay Astellas $90 million to settle a patent infringement claim over Mirabegron, including a $75 million prepaid option and undisclosed per-unit royalties through September 2027; the settlement ends litigation disclosed in April 2025 and secures Lupin’s continued U.S. sales of the drug while likely reducing near-term profits.

Risks

  • Near-term profitability pressure for Lupin due to the $75 million upfront payment and ongoing per-unit fees - impacts Lupin’s financials and possibly investor sentiment in the pharmaceutical sector.
  • Unspecified per-unit license fee introduces revenue uncertainty because the exact royalty rate is not disclosed - affects forecasting for Lupin’s U.S. Mirabegron sales and margins in healthcare markets.
  • The settlement terms only extend through September 2027, leaving post-2027 commercial and IP dynamics uncertain unless further agreements are reached - potential future revenue and legal risk for Lupin and stakeholders in the pharma sector.

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