Amgen wins latest round in high-stakes patent showdown
On Monday, another chapter in the years-long legal saga between Amgen (Nasdaq: AMGN) and Sanofi (Euronext: SAN) was written by a District Court jury, which upheld certain patents for Amgen’s Repatha (evolocumab).
Billions of dollars in potential revenue are up for grabs, as the firms’ competing cholesterol busters battle it out. Both companies have also aggressively cut prices in recent months in an attempt to grow market share.
The court in Delaware found that three of five asserted claims for patents covering the PCSK9 blocker were valid, a decision which caused shares in Sanofi and its US-based development partner Regeneron (Nasdaq: REGN) to tick downwards.
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