Israeli generics giant Teva Pharmaceutical Industries (NYSE: TEVA) and its affiliates have reached an agreement with Indian drugmaker Aurobindo Pharma (BSE: 524804) to resolve the dispute over Aurobindo’s Abbreviated New Drug Application (ANDA) for a generic deutetrabenazine product, a copy of the branded drug Austedo.
Teva and Aurobindo have been involved in a patent infringement litigation in which Teva asserted a number of patents against Aurobindo that cover Teva’s Austedo product.
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