AstraZeneca (AZN) Receives Favorable Decision in Crestor Patent Appeal
Article
Related Press Releases (1)
Related Articles (1)
Related SEC Filings (1)
Stock Quotes (1)
Comments (0)
Tweet
Send to a Friend
AstraZeneca (NYSE: AZN) announced that the Court of Appeals for the Federal Circuit has upheld the decision of the District Court, District of Delaware, finding that the substance patent protecting CRESTOR (rosuvastatin calcium) (RE37,314 – the ‘314 patent) is valid and enforceable. The defendants may seek a rehearing and/or review by the U.S. Supreme Court. Absent a reversal of this decision, none of the Abbreviated New Drug Applications (ANDAs) filed by Apotex, Aurobindo, Cobalt, Glenmark, Mylan, Par, Sandoz, Sun, Teva and Torrent may be approved by the FDA prior to expiration of the ‘314 patent. The ‘314 patent, which expires in 2016, covers rosuvastatin calcium, the active ingredient in CRESTOR.
The Federal Circuit also held that Apotex Corp. was liable as a submitter and is therefore bound by the District Court’s decision.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
The Federal Circuit also held that Apotex Corp. was liable as a submitter and is therefore bound by the District Court’s decision.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
You May Also Be Interested In
- LRAD Corp, (LRAD), Iroquois Master Fund Enter Settlement
- 3D Systems (DDD) Shareholders Approve 100M Increase in Authorized Shares
- Nokia Siemens (NOK) (SI) Enhances Smart Wi-Fi, Launches 3G Femtocell Access Point
Create E-mail Alert Related Categories
Corporate News, FDA, LitigationLogin with Facebook
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!

Up)