Connect with us

Hi, what are you looking for?

Jewish Business News


US court delays Teva launch of generic Celebrex

Teva has lost its 180 days exclusivity for the generic version of Pfizer’s arthritis and chronic pain treatment.

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
Thank you.



The US Supreme Court of Appeal Court of Appeals has overturned the US Food and Drug Administration (FDA) decision allowing Teva Pharmaceutical Industries Ltd. (NYSE: TEVA; TASE: TEVA) to exclusively launch the first US Food and Drug Administration (FDA)-approved generic equivalent to Celebrex (Celecoxib) capsules in the US. Consequently, Teva will be compelled to wait until June 2015 before being allowed to launch the generic version of the arthritis, inflammation and chronic pain treatment, which earns Pfizer $3 billion annually.

Moreover, the court ruling will allow Teva’s rivals to launch generic versions of the treatment.

Last week Teva had announced that it would be immediately launching an exclusive version of generic Celebrex after becoming the first to receive FDA approval thus granting it 180 days generic exclusivity in the US.

Teva’s rivals Mylan, Watson and Lupin were eager to prevent the FDA from giving Teva 180 days exclusivity. The court ruled that the patent for Celebrex had expired and that Teva was not entitled to the exclusivity.


Published by Globes [online], Israel business news –



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...


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


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.