Novo Nordisk settles patent lawsuit over Ozempic

8 October 2024

Novo Nordisk (NOV: N) has reached a settlement with Mylan Pharmaceuticals, now part of Viatris (Nasdaq: VTRS), related to a US patent lawsuit over blockbuster diabetes treatment Ozempic (semaglutide).

The settlement, announced by Mylan’s Indian partner Natco Pharma in a regulatory filing, brings an end to the dispute without disclosing specific terms of the agreement.

Novo initiated the lawsuit against Mylan over a year ago, seeking to protect Ozempic’s US market exclusivity, which extends until 2032. Following the agreement, the US Patent Office will no longer review one of Ozempic's patents, which had been challenged in the litigation.

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