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TEVA wins a big one…

http://biz.yahoo.com/bw/070906/20070906006235.html?.v=1

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Teva Receives Favorable Court Decision Regarding Generic Protonix Tablets; Motion for Preliminary Injunction Denied

Thursday September 6, 5:24 pm ET

JERUSALEM--(BUSINESS WIRE)--Teva Pharmaceutical Industries Ltd. (Nasdaq: TEVA ) announced today that further to its press release dated August 2, 2007, the U.S. District Court for the District of New Jersey has denied a motion filed by Wyeth and Altana for a preliminary injunction related to Teva's Pantoprazole Sodium Delayed Release (DR) Tablets, AB-rated to Wyeth's Protonix® DR Tablets. Teva intends to complete a thorough analysis of today's decision before deciding upon its next course of action.

Teva's Abbreviated New Drug Application (ANDA) to market its Pantoprazole Tablets, 20 mg and 40 mg has already been granted final approval by the U.S. Food and Drug Administration (FDA). The brand product had annual sales of approximately $2.5 billion in the United States for the twelve months ended June 30, 2007, based on IMS sales data. As one of the first companies to file an ANDA containing a paragraph IV certification for this product, Teva has been awarded a 180-day period of marketing exclusivity, which will begin to run from the date of first commercial marketing or a final court decision.

Teva is currently involved in patent litigation with Wyeth and Altana concerning this product. A trial date has not been set.

Teva Pharmaceutical Industries Ltd., headquartered in Israel, is among the top 20 pharmaceutical companies in the world and is the leading generic pharmaceutical company. The company develops, manufactures and markets generic and innovative human pharmaceuticals and active pharmaceutical ingredients, as well as animal health pharmaceutical products. Over 75 percent of Teva's sales are in North America and Europe.
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