The US Court of Appeals for the Federal Circuit has stayed (suspended) the permanent injunction for Praluent (alirocumab) Injection granted last month in a patent infringement dispute with US biotech Amgen (Nasdaq: AMGN) pending the appeal that French pharma major Sanofi (Euronext: SAN) and its partner Regeneron (Nasdaq: REGN) plan to file.
This ruling (available here) means that Sanofi and Regeneron will continue marketing, selling and manufacturing the cholesterol-lowerer Praluent in the USA during the appeal process. Sanofi and Regeneron remain committed to ensuring patients who can benefit from Praluent continue to have access to this innovative therapy.
Without the stay, Praluent - which rolled out in the USA, Europe and Japan over 2015/6 and generated sales of 105 million euros ($112 million) in 2016 - would have been forced off the US market on February 21. Sanofi’s shares edged up 1.8% to 78.03 euros by late-morning trading today.
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