Tecfidera patent win gives Biogen a boost
Shares in Biogen (Nasdaq: BIIB) jumped by around a third on Wednesday, after the company received a positive outcome in an ongoing patent dispute with Netherlands-incorporated generics firm Mylan (Nasdaq: MYL).
The ruling from the US Patent and Trademark Office (USPTO) relates to Biogen’s main multiple sclerosis therapy, Tecfidera (dimethyl fumarate), sales of which rose 4% to $4.43 billion in 2019.
An administrative court of the USPTO, the Patent Trial and Appeal Board, decided that Mylan had not been able to demonstrate satisfactorily that certain claims were unpatentable.
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