US Supreme Court declines to hear patent dispute over Bausch blockbuster diarrhea drug [Yahoo! Finance Canada]
Teva Pharmaceutical Industries Limited American Depositary Shares (TEVA)
Last teva pharmaceutical industries limited american depositary shares earnings: 2/13 04:01 pm
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Source: Yahoo! Finance Canada
The justices declined to hear an appeal by Norwich Pharmaceuticals of a lower court's ruling that its proposed generic would infringe patents owned by Bausch unit Salix Pharmaceuticals for using Xifaxan to treat the liver-related brain disorder hepatic encephalopathy. In doing so, the justices let the lower court's ruling stand. Xifaxan has been approved by the U.S. Food and Drug Administration to treat traveler's diarrhea and irritable bowel syndrome and can also be used to prevent hepatic encephalopathy. Bausch earned more than $1.8 billion from Xifaxan sales in 2023, according to a company filing with the U.S. Securities and Exchange Commission. Bausch has separately agreed to allow Xifaxan generics from Teva Pharmaceuticals, Sun Pharmaceuticals and Sandoz starting in 2028 after settling related patent disputes. Salix in 2020 sued New York state-based Norwich over its proposed generic of Xifaxan. A Delaware federal judge decided in 2022 that the generic would infringe three
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TEVA
Earnings
- 11/6/24 - Beat
TEVA
Sec Filings
- 11/21/24 - Form 4
- 11/20/24 - Form 144
- 11/12/24 - Form 8-K
- TEVA's page on the SEC website