Tentative approval of Alimta generic sends Mylan upwards
Mylan (Nasdaq: MYL) might have to wait a while before launching, but that has not stopped investor excitement at the tentative US approval of its generic of Eli Lilly’s (NYSE: LLY) Alimta (pemetrexed).
Indicated for the treatment of pleural mesothelioma and non-small cell lung cancer and used in several combinations, Alimta had 2018 sales exceeding $2 billion.
Its US patents are currently due to expire in 2022 and, following the US Food and Drug Administration’s granting of tentative approval, the Mylan generic can now be launched thereafter.
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