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Stock impact report

FTC weighs in on reverse-payment generic delay case involving Gilead, Teva [Seeking Alpha]

Teva Pharmaceutical Industries Limited American Depositary Shares (TEVA) 
Last teva pharmaceutical industries limited american depositary shares earnings: 2/13 04:01 pm Check Earnings Report
US:NYSE Investor Relations: ir.tevapharm.com
Company Research Source: Seeking Alpha
Sciences ( NASDAQ: GILD ) that paid Teva Pharmaceutical Industries ( NYSE: TEVA ) to delay generic versions of the former's HIV meds, Truvada and Atripla. At the heart of the case is the idea of "reverse-payment agreements," in which a party, usually a generic drug maker, agrees to drop a patent lawsuit against a brand name company in exchange for a payment. As a result, generic version of a drug are delayed coming to market. In 2023, a California jury found in favor of Gilead and Teva. The two pharmas entered into patent settlement in 2014. Generic drug companies routinely file Abbreviated New Drug Applications after a brand drug is approved. Some of those generic drugmakers seek to market their drug before key patents on the brand version through a "Paragraph IV" certification that challenges a patent's validity or argues the generic version will not infringe a patent. That certification usually prompts the brand company to file a patent infringement suit against the generic c Show less Read more
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