ASTRAZENECA ORDERED TO POST $72M BOND IN GENERIC PULMICORT CASE
(The following is a reformatted version of a press release issued by AstraZeneca PLC and received via electronic mail. The release was confirmed by the sender.)
US APPEALS COURT ISSUES A TEMPORARY INJUNCTION PENDING APPEAL AGAINST DISTRIBUTION OF GENERIC PULMICORT RESPULES® (Budesonide Inhalation Suspension)
24 May 2013
AstraZeneca today announced that the US Court of Appeals for the Federal Circuit issued a temporary injunction blocking generic manufacturers from distributing generic versions of PULMICORT RESPULES in the US until the Court rules on AstraZeneca’s appeal of a District Court decision that found one patent protecting the product to be invalid and another patent not infringed. As a condition of the injunction, the Court has also ordered that AstraZeneca post a bond in the amount of $72 million.
“We intend to vigorously defend the intellectual property rights protecting PULMICORT RESPULES.” said Paul Hudson, Executive Vice President, North America.
The patents protecting PULMICORT RESPULES expire in 2018, with paediatric exclusivity extending into 2019.
AstraZeneca is a global, innovation-driven biopharmaceutical business that focuses on the discovery, development and commercialisation of prescription medicines, primarily for the treatment of cardiovascular, metabolic, respiratory, inflammation, autoimmune, oncology, infection and neuroscience diseases. AstraZeneca operates in over 100 countries and its innovative medicines are used by millions of patients worldwide. For more information please visit: www.astrazeneca.com
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