Mylan makes market gains on Copaxone case win

26 October 2017

Mylan (Nasdaq: MYL) is set to open Thursday’s trading more than 1% up on the previous close.

This comes after news that the Netherlands-incorporated drugmaker has won a court case in the UK in relation to Copaxone (glatiramer acetate injection), a big-selling multiple sclerosis drug that was originally developed by Israel’s Teva Pharmaceutical Industries (NYSE: TEVA).

The UK’s High Court of Justice has issued a decision in favor of Mylan and its European partner Synthon, finding all claims of Teva's patent EP (UK) 2 949 335 (EP 335) relating to Copaxone 40mg/mL invalid, based on obviousness.

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