Boehringer Ingelheim today announced the resolution of all intellectual property-related litigation with US major AbbVie (NYSE: ABBV) concerning the German drugmaker’s biosimilar Cyltezo (adalimumab-adbm) and the reference medicine Humira(adalimumab), marking yet another patent settlement by AbbVie over its mega blockbuster drug.
AbbVie’s share price was up 1.83% at $78.28 by late morning trading.
“We are proud of the role we play in raising public awareness of biosimilars and being able to stimulate competition to bring more affordable treatment options to US patients,” said Sheila Denton, senior vice president and US general counsel, Legal & Government Affairs/Public Policy, at family-owned Boehringer Ingelheim. “This resolution provides clarity regarding the availability of Cyltezo and allows us to focus on serving patients who need to manage their chronic disease,” she noted.
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