Orion Oyj : Orion and Mylan settle patent dispute over the proprietary drug Stalevo® ORION CORPORATION STOCK EXCHANGE RELEASE25 JULY 2013 at 11.25 a.m.EEST 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 force. 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. Orion Corporation Timo Lappalainen Olli Huotari President and CEO SVP, Corporate Functions Contact person: Olli Huotari, SVP, Corporate Functions tel. +358 10 426 3054 Publisher: Orion Corporation Communications Orionintie 1A, FI-02200 Espoo, Finland Homepage: www.orion.fi 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 drugs. 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 Helsinki. ------------------------------------------------------------------------------ This announcement is distributed by Thomson Reuters on behalf of Thomson Reuters clients. The owner of this announcement warrants that: (i) the releases contained herein are protected by copyright and other applicable laws; and (ii) they are solely responsible for the content, accuracy and originality of the information contained therein. Source: Orion Oyj via Thomson Reuters ONE HUG#1717831
Orion Oyj : Orion and Mylan settle patent dispute over the proprietary drug Stalevo®
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