BioMarin fends off Kuvan generics competition again
Generics drugmaker Par Pharmaceutical has reached a settlement with BioMarin Pharmaceutical (Nasdaq: BMRN), bringing to an end patent infringement litigation initiated by BioMarin in relation to Kuvan (sapropterin dihydrochloride).
Under the terms of the settlement, BioMarin will retain exclusive US rights to the drug until around the end of 2020.
At this time, Par, which is owned by Ireland-incorporated Endo Pharmaceuticals (Nasdaq: ENDP), will obtain a non-exclusive license to patents related to Kuvan, allowing the company to market a generic version of the drug.
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