Mar 2 2010
Teva Pharmaceutical Industries Ltd. (Nasdaq:TEVA) announced today that
the U.S. Court of Appeals for the District of Columbia Circuit has ruled
in Teva’s favor by overturning a July 31, 2009, district court decision
which held that Teva forfeited 180-day marketing exclusivity for its
generic versions of Merck's antihypertensive agents Hyzaar®
(hydrochlorothiazide; losartan potassium) and Cozaar® (losartan
potassium).
Teva’s Abbreviated New Drug Applications will be eligible for final
approval in April 2010, when the method of use patent expires. As the
first company to file the ANDAs that contained a paragraph IV
certification for Hyzaar® and Cozaar®, and as a result of today’s
decision by the appellate court, Teva should be eligible to receive
180-day Hatch-Waxman statutory exclusivity to market these products.
Pursuant to the appellate court's judgment, Teva's lawsuit will now be
remanded to the district court for the entry of relief consistent with
today's decision.
Annual sales of the brand products were approximately $1.5 billion in
the United States based on IMS sales data.
Source:
Teva Pharmaceutical Industries Ltd.,