E-mail us: service@prospectnews.com Or call: 212 374 2800
Bank Loans - CLOs - Convertibles - Distressed Debt - Emerging Markets
Green Finance - High Yield - Investment Grade - Liability Management
Preferreds - Private Placements - Structured Products
 
Published on 3/8/2006 in the Prospect News Biotech Daily.

AstraZeneca sues IVAX, alleging Nexium patent infringement

By Ted A. Knutson

Washington, March 8 - AstraZeneca said Wednesday it has filed a lawsuit in the U.S. District Court for the District of New Jersey against IVAX Corp., IVAX Pharmaceuticals, Inc. and Zenith Laboratories, Inc., and IVAX's parent, Teva Pharmaceutical Industries Ltd. and its U.S. subsidiary, Teva Pharmaceuticals USA, for willful infringement of AstraZeneca's patents protecting Nexium (esomeprazole magnesium).

The lawsuit is in response to an abbreviated New Drug Application filed by IVAX with the Food and Drug Administration regarding IVAX's intent to market a generic version of AstraZeneca's Nexium in the United States prior to the expiration of five AstraZeneca patents - Nos. 5,714,504; 5,877,192; 6,369,085; 6,428,810; and 6,875,872. The expiration dates for these patents range from 2014 through to 2019.

AstraZeneca said it has full confidence in and will continue vigorously to defend and enforce its intellectual property rights protecting Nexium, an anti-ulcer medication made by the company.

London-based AstraZeneca develops prescription medicines for cancer, inflammation and cardiovascular, gastrointestinal and respiratory diseases.


© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.