Court Finds in Favor of Mylan in Patent Infringement Suit Related to Certain Teva Copaxone® Patents
Mylan Inc. (Nasdaq: MYL) today announced that Judge Katherine Forrest of the U.S. District Court for the Southern District of New York has dismissed Teva's (NASDAQ: TEVA) lawsuit alleging that Mylan's Abbreviated New Drug Application ("ANDA") for its generic version of Copaxone® (glatiramer acetate) would infringe four patents held by Teva (U.S. Patent Nos. 66,514,938, 7,074,580, 7,163,802, and 7,615,359).
Mylan is appealing to the Federal Circuit a separate decision involving other Teva patents (U.S. Patent Nos. 5,800,808, 5,981,589, 6,048,898, 6,054,430, 6,342,476, 6,362,161, 6, 620,847, 6,939,539 and 7,199,098), which were upheld by retired Judge Barbara Jones of the Southern District of New York. Oral argument on Mylan's appeal was held on May 7, 2013. Mylan anticipates that a favorable appellate decision on these patents would clear Mylan for launch upon receipt of final regulatory approval.
This press release includes statements that constitute "forward-looking statements," including with regard to the settlement of the litigation. These statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Because such statements inherently involve risks and uncertainties, actual future results may differ materially from those expressed or implied by such forward-looking statements. Factors that could cause or contribute to such differences include, but are not limited to: any legal or regulatory challenges to the settlement; strategies by competitors or other third parties to delay or prevent product sales; risks inherent in legal and regulatory processes; and the other risks detailed in the company's periodic filings with the Securities and Exchange Commission. The company undertakes no obligation to update these statements for revisions or changes after the date of this release.
Mylan is a global pharmaceutical company committed to setting new standards in health care. Working together around the world to provide 7 billion people access to high quality medicine, we innovate to satisfy unmet needs; make reliability and service excellence a habit; do what's right, not what's easy; and impact the future through passionate global leadership. We offer a growing portfolio of approximately 1,100 generic pharmaceuticals and several brand medications. In addition, we offer a wide range of antiretroviral therapies, upon which approximately 40% of HIV/AIDS patients in developing countries depend. We also operate one of the largest active pharmaceutical ingredient manufacturers and currently market products in approximately 140 countries and territories. Our workforce of more than 20,000 people is dedicated to improving the customer experience and increasing pharmaceutical access to consumers around the world. But don't take our word for it. See for yourself. See inside. mylan.com
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