Biogen Inc won intellectual property rights ruling against Tecfidera

News Hour:

Biogen Inc on Tuesday won an intellectual property rights ruling against hedge fund manager Kyle Bass over its top multiple sclerosis pill, Tecfidera, pushing shares up more than 1 percent on a day when most U.S. stocks were down.

The ruling came from the U.S. Patent and Trademark Office’s Patent Trial and Appeal Board in Washington. The decision should extend the time that Biogen can keep U.S. sales of the drug out of the hands of generic competitors by four to five years, according to Mizuho analyst Salim Syed.

Bass could appeal the ruling, Syed said in a research note. Neither Bass nor Biogen were immediately available for comment.

The hedge fund manager’s legal challenge centered on the so-called 514 patent, which focuses on a method for dosing multiple sclerosis patients with 480 milligrams per day of certain fumarates, which are chemical intermediates, reports Reuters.

Bass has filed a number of lawsuits against multiple companies as part of an effort to eliminate drug patents that he believed were being improperly extended based on dosing schedules, preventing cheaper drugs from hitting the market.

Avatar

This article has been posted by a News Hour Correspondent. For queries, please contact through [email protected]
No Comments

Translate this News

Join the Facebook Group

Click here to join the Facebook group of News Hour

Popular Posts

Sacred Games exposes Rajshri Deshpande nude [video]
Paperfly launches delivery services covering 64 districts in Bangladesh
The miracle of Hyperbaric Oxygen Therapy (HBOT) and its potential in Bangladesh
Shaon is not the only heir to Humayun Ahmed’s intellectual property: Nuhash Humayun
Eiza Gonzalez accidentally show Josh Duhamel Naked video on Instagram
Workshop to formulate nutrition action plan held in Nilphamari

Advertisement

News of the Month

Scroll Up
%d bloggers like this: