Actavis to re-launch generic Pulmicort Respules as court dissolves injunction
Ireland-headquartered generics major Actavis (NYSE: ACT) yesterday said that it will immediately re-launch its generic version of AstraZeneca's (LSE: AZN) Pulmicort Respules (budesonide inhalation suspension) following a decision from the US Court of Appeals for the Federal Circuit to uphold a lower court's ruling that US Patent No 7,524,834 is invalid.
The Appeals Court also dissolved the injunction preventing Actavis from further distribution of its generic version of Pulmicort Respules that was granted earlier this year (The Pharma Letter March 13). Actavis’ shares gained 1.4% to $287.30 yesterday following the announcement, while AstraZeneca, which fought hard to prevent generic competition for its drug, gained 0.7% to £44.38 in morning trading today.
"We are pleased to be able to supply the market immediately with this product, and we are pleased that the Court of Appeals was able to work so swiftly to address this important matter," said Brent Saunders, chief executive and president of Actavis.
This article is accessible to registered users, to continue reading please register for free. A free trial will give you access to exclusive features, interviews, round-ups and commentary from the sharpest minds in the pharmaceutical and biotechnology space for a week. If you are already a registered user please login. If your trial has come to an end, you can subscribe here.
Login to your accountTry before you buy
Free
7 day trial access
- All the news that moves the needle in pharma and biotech
- Exclusive features, podcasts, interviews, data analyses and commentary from our global network of life sciences reporters.
- Receive The Pharma Letter daily news bulletin, free forever.
Become a subscriber
£820
Or £77 per month
- Unfettered access to industry-leading news, commentary and analysis in pharma and biotech.
- Updates from clinical trials, conferences, M&A, licensing, financing, regulation, patents & legal, executive appointments, commercial strategy and financial results.
- Daily roundup of key events in pharma and biotech.
- Monthly in-depth briefings on Boardroom appointments and M&A news.
- Choose from a cost-effective annual package or a flexible monthly subscription
The Pharma Letter is an extremely useful and valuable Life Sciences service that brings together a daily update on performance people and products. It’s part of the key information for keeping me informed
Chairman, Sanofi Aventis UK
Today's issue
Company Spotlight
More Features in Generics
Copyright © The Pharma Letter 2024 | Headless Content Management with Blaze