Coast clear for Copaxone copies in USA
Israeli drugmaker Teva Pharmaceutical Industries (NYSE: TEVA) looks likely to see declining sales of its leading multiple sclerosis drug Copaxone (glatiramer acetate) plummet further following a court ruling on Friday.
Worldwide sales of Copaxone fell to $626 million in the second quarter of 2018, a decline of nearly 40% on the same quarter of the previous year.
On Friday, the US Court of Appeals for the Federal Circuit upheld the decision of a lower court that Teva's Copaxone 40mg/mL dosing patents are invalid.
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