Mylan rewarded for 'tens of millions' spend on Copaxone generic
Market activity on Wednesday underlined the importance of a US Food and Drug Administration (FDA) approval of a generic drug from Mylan (Nasdaq: MYL).
The Netherlands-incorporated drugmaker won approval for its generic version of Copaxone (glatiramer acetate) at 40mg/mL for a three-times-a-week injection, and the once-daily 20mg/mL injection.
Copaxone is indicated for the treatment of patients with relapsing forms of multiple sclerosis (MS) and is marketed by Israel’s Teva Pharmaceutical Industries (NYSE: TEVA), which has waged a long legal battle against Mylan in its attempts to hang onto exclusivity.
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