Allergan's Mohawk tribe stunt blocked by PTAB
The US Patent Trial and Appeal Board (PTAB) has denied the St Regis Mohawk Tribe's motion to terminate Mylan's (Nasdaq: MYL) patent challenge regarding six patents related to Allergan's (NYSE: AGN) dry-eye drug Restasis (cyclosporine).
Allergan announced last September that it had assigned the rights of six patents to the tribe, hoping that since it was a sovereign government, usual patent-office review would not apply.
"The ruling reinforces our belief that Allergan's maneuvers to engage the St Regis Mohawk Tribe for patent protection were a sham"
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