Patent litigation resolved over Sandoz version of AstraZeneca's Faslodex
AstraZeneca (LSE: AZN) has reached an agreement with Sandoz, a division of Swiss pharma giant Novartis (NOVN: VX), over the US development of a generic version of the breast cancer drug Faslodex (fulvestrant).
The Anglo-Swedish company currently has market exclusivity for the drug, which is used to treat hormone receptor-positive metastatic breast cancer in women who have gone through menopause, whose disease has spread after treatment with antiestrogen medicine.
Sandoz, however, is seeking US Food and Drug Administration approval for its version of Faslodex, and agreement has now been reached in the patent litigation between the two companies.
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