(NYSE: PRX) to resolve pending patent litigation involving Duexis (ibuprofen and famotidine) tablets, indicated for the relief of signs and symptoms of rheumatoid arthritis and osteoarthritis.
Under the accord, Horizon has granted Par the non-exclusive right to market a generic ibuprofen and famotidine product in the USA under Par's Abbreviated New Drug Application, beginning January 1, 2023, or earlier under certain circumstances. Currently, Horizon has listed six Orange Book patents covering Duexis. The settlement agreement includes a stipulation by the parties requesting dismissal without prejudice of the law suit filed by Horizon in the US District Court for the District of Delaware relating to the ANDA filed by Par with the US Food and Drug Administration for a generic version of Duexis (The Pharma Letter March 29, 2012).
Settlement details confidential and subject to FTC and DoJ review
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