French pharma major Sanofi (Euronext: SAN) and US biotech Regeneron Pharmaceuticals (Nasdaq: REGN) immediately announced their intention to appeal a ruling which will stop them from selling their cholesterol-lowering drug Praluent (alirocumab) in the USA.
The injunction granted by the US District Court for the District of Delaware prevents the marketing, selling or manufacturing of Praluent during the term of two patents held by US biotech major Amgen (Nasdaq: AMGN) on its Repatha (evolocumab).
"It is our position that the best interests of patients will be greatly disserved by an injunction preventing access to Praluent"
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