The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.

Less Ads, More Data, More Tools Register for FREE

Judge refuses to block generic versions of AstraZeneca's Crestor

Tue, 19th Jul 2016 22:58

By Brendan Pierson

July 19 (Reuters) - A U.S. judge on Tuesday refused to issuea temporary restraining order blocking the approval of newgeneric versions of AstraZeneca's blockbustercholesterol drug Crestor in the United States.

U.S. District Judge Randolph Moss in Washington, D.C. ruledthat AstraZeneca was not likely to win a lawsuit claiming itshould get seven more years of exclusive rights to the drugthanks to its recent approval to treat a rare pediatric illness.

Generic drugmakers including Novartis AG unitSandoz, Apotex and Mylan have said in court filings thatthey are prepared to launch generic versions of Crestor, whichlost patent protection earlier this month.

AstraZeneca spokeswoman Michele Meixell said in an emailedstatement the company was "disappointed" with the decision.

AstraZeneca's bid to extend its exclusivity had drawn sharpcriticism from former presidential candidate and Senator BernieSanders, a Democrat from Vermont, who along with sevenDemocratic U.S. Representatives had urged the U.S. Food and DrugAdministration in a July 7 letter not to let the company exploita "loophole."

Allergan plc has already been selling genericCrestor in the U.S. since May under a licensing agreement withAstraZeneca, and is not affected by Tuesday's order.

Crestor, which accounted for more than 20 percent ofAstraZeneca's $23.6 billion in sales last year, was approved bythe FDA for the treatment of high cholesterol in 2003.

In May, the FDA approved the addition of a new indicationfor use to the drug's label for the treatment of homozygousfamilial hypercholesterolemia in patients 7 to 17 years old. Therare genetic disease, which causes high cholesterol andsometimes heart disease, affects about one in a million people.

In June, AstraZeneca won seven years of exclusive marketingrights for the new indication under the federal "orphan drug"program. Orphan drug exclusivity is granted to new drugs or newindications of existing drugs for rare diseases, to encourageresearch that might otherwise not be profitable.

AstraZeneca then sued the FDA seeking to block finalapproval of any new generic Crestor. The company claimed thatfederal law required drugs to include all pediatric indicationson their labels.

Moss's decision on Tuesday is in line with a ruling lastyear by another judge in the same court, who allowed genericversions of Otsuka's antipsychotic drug Abilify to go on themarket even though the drug had recently been approved for arare disease.

The case is AstraZeneca Pharmaceuticals LP et al v. Burwellet al, U.S. District Court, District of Columbia, No.1:16-cv-01336. (Reporting By Brendan Pierson in New York; Editing by AlexiaGaramfalvi and Alan Crosby)

Related Shares

More News
3 May 2024 12:17

CORRECT: Angle shares up on assay development deal with AstraZeneca

(Correcting company name in headline)

3 May 2024 11:50

Angle shares up on assay development deal with AstraZenaca

(Alliance News) - Shares in Angle PLC jumped on Friday, after the company said it has been chosen to develop a prostate cancer assay using its Parsort...

3 May 2024 07:50

LONDON BRIEFING: InterContinental Hotels makes first-quarter progress

(Alliance News) - London's FTSE 100 is called to open higher on Friday, on the expectation of a softer US jobs report, which could take some sting out...

2 May 2024 10:04

AstraZeneca notes positive trial results for Calquence treatment

(Alliance News) - AstraZeneca PLC on Thursday said it observed positive high-level results in the Echo phase 3 trial of its Calquence treatment for pr...

2 May 2024 07:45

AstraZeneca reports positive results from blood cancer drug trial

(Sharecast News) - AstraZeneca has reported positive results from the use of its Calquence drug in a clinical trial to treat a rare type of blood canc...

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.