United Thera scores over Sandoz in Remodulin patent case
US biotech company United Therapeutics’ (Nasdaq: UTHR) shares leapt 28.5% to $117.83 on Friday, after the company said that the US District Court for the District of New Jersey has ruled in its favor in the company's case against Sandoz, a generics subsidiary of Swiss pharma giant Novartis (NOVN: VX), regarding United’s Remodulin (treprostinil) product.
In 2013, United reported $491.2 million in revenue from Remodulin, a pulmonary arterial hypertension drug that accounted for more than 40% of the company's revenue. The drug was first approved in the USA in 2002.
‘117 patent valid until October 2017, says Judge, but ‘007 is not infringed
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