Orion Oyj : Orion and Mylan settle patent dispute over the proprietary drug
ORION CORPORATION STOCK EXCHANGE RELEASE25 JULY 2013 at 11.25
Orion Corporation ("Orion") and Mylan Pharmaceuticals Inc. ("Mylan") have
executed a settlement and license agreement to settle the lawsuit filed by
Orion in the United States against Mylan regarding Mylan's submission of an
abbreviated new drug application ("ANDA") for generic versions of Orion's
Stalevo® (carbidopa/levodopa/entacapone) product.
The lawsuit was filed by Orion in the U.S. in April 2012. Under the terms of
the settlement and license agreement, Mylan shall be authorized to launch
generic versions of the Stalevo product (strengths 12.5/50/200 mg;
18.75/75/200 mg; 25/100/200 mg; 31.25/125/200 mg; 37.5/150/200 mg and
50/200/200 mg) immediately after entry of the agreement.
Subject to the Court's approval, the lawsuit against Mylan will be dismissed
and the U.S. Patents Nos. 5,446,194, 6,500,867 and 6,797,732 shall remain in
In compliance with the applicable U.S. laws, Orion will file the above
agreement with the United States Federal Trade Commission and the United
States Department of Justice.
Timo Lappalainen Olli Huotari
President and CEO SVP, Corporate Functions
Olli Huotari, SVP, Corporate Functions
tel. +358 10 426 3054
Orionintie 1A, FI-02200 Espoo, Finland
Orion is a globally operating Finnish company developing pharmaceuticals and
diagnostic tests - a builder of well-being. Orion develops, manufactures and
markets human and veterinary pharmaceuticals, active pharmaceutical
ingredients and diagnostic tests. The company is continuously developing new
drugs and treatment methods. Pharmaceutical R&D focuses on central nervous
system drugs, oncology and critical care drugs, and Easyhaler® pulmonary
Orion's net sales in 2012 amounted to EUR 980 million and the company had
about 3,500 employees. Orion's A and B shares are listed on NASDAQ OMX
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Source: Orion Oyj via Thomson Reuters ONE
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