AbbVie Says Court Rules Imbruvica Patents Valid in Generic Challenge
August 19 2021 - 2:38PM
Dow Jones News
By Colin Kellaher
AbbVie Inc. on Thursday said it won a key court ruling that
could keep generic versions of the blockbuster blood-cancer drug
Imbruvica from hitting the U.S. market for more than a decade.
The North Chicago, Ill., biopharmaceutical company said a U.S.
District Court ruled that patent rights owned by AbbVie's
Pharmacyclics LLC unit related to Imbruvica are valid and infringed
by a generic product from Alvogen Pine Brook LLC and Natco Pharma
Ltd.
AbbVie, which jointly develops and markets Imbruvica with
Johnson & Johnson's Janssen Biotech Inc. unit, said the court's
ruling, which is subject to appeal, prohibits regulatory approval
of the Alvogen/Natco product until the last patent expires.
AbbVie, which has previously inked several settlement and
license agreements with other generic drug makers related to
Imbruvica, said it doesn't expect a generic entry before March
2032, assuming the companies gain pediatric exclusivity for the
drug.
Write to Colin Kellaher at colin.kellaher@wsj.com
(END) Dow Jones Newswires
August 19, 2021 14:28 ET (18:28 GMT)
Copyright (c) 2021 Dow Jones & Company, Inc.
AbbVie (NYSE:ABBV)
Historical Stock Chart
From Jun 2024 to Jul 2024
AbbVie (NYSE:ABBV)
Historical Stock Chart
From Jul 2023 to Jul 2024