Connect with us

Hi, what are you looking for?

Jewish Business News

Business

Initial U.S. Supreme Court Hearing Mixed on Teva’s Pharmaceuticals Patent Protection

Copaxone

Leading Israeli Pharmaceutical company Teva has mixed results in its initial U.S. Supreme Court hearing over the possible loss of patent protection for Copaxone, a multiple sclerosis drug that accounts for nearly half of the company’s profits. Copaxone is one of Teva’s few original medicines, since it has long been known for making its own generic versions of other blockbuster drugs once they have gone off patent. The justices were divided over a federal appeals court decision that made invalid a patent to protect Teva’s drug until September 2015. Some justices supported Teva, others disagreed.

Please help us out :
Will you offer us a hand? Every gift, regardless of size, fuels our future.
Your critical contribution enables us to maintain our independence from shareholders or wealthy owners, allowing us to keep up reporting without bias. It means we can continue to make Jewish Business News available to everyone.
You can support us for as little as $1 via PayPal at office@jewishbusinessnews.com.
Thank you.

Copaxone made $4.3 billion for the company last year. Teva is developing a longer-acting version that would potentially have patent protection until 2030. Teva is fending off competing generic drugs developed by Mylan and Natco pharma as well as one from Momental Pharmaceuticals and Novartis. The case has larger implications on how appeals in patent cases are handled.

Newsletter



Advertisement

You May Also Like

World News

In the 15th Nov 2015 edition of Israel’s good news, the highlights include:   ·         A new Israeli treatment brings hope to relapsed leukemia...

Entertainment

The Movie The Professional is what made Natalie Portman a Lolita.

Travel

After two decades without a rating system in Israel, at the end of 2012 an international tender for hotel rating was published.  Invited to place bids...

VC, Investments

You may not become a millionaire, but there is a lot to learn from George Soros.