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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Astrazeneca Plc | LSE:AZN | London | Ordinary Share | GB0009895292 | ORD SHS $0.25 |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
-52.00 | -0.42% | 12,318.00 | 12,290.00 | 12,292.00 | 12,428.00 | 12,260.00 | 12,326.00 | 4,007,480 | 16:35:03 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Pharmaceutical Preparations | 45.81B | 5.96B | 3.8415 | 32.00 | 190.55B |
By Ian Walker
LONDON--AstraZeneca PLC (AZN.LN) said Monday that a U.S. court has ruled that its pulmicort respules patent is invalid in the U.S., and it is considering whether to appeal.
The British pharmaceutical giant said the U.S. District Court for New Jersey has ruled that U.S. Patent No. 7,524,834, protecting pulmicort respules in the U.S. is invalid.
AstraZeneca said it "strongly disagrees" with the decision and is considering its options, including an appeal.
Pulmicort respules is a corticosteroid administered via a nebuliser for the treatment of asthma in children and adults.
The decision is limited to the U.S. and has no impact on pulmicort respules in other countries, AstraZeneca said. The patent was set to expire in 2018, with pediatric exclusivity extending into 2019.
"This decision will not impact AstraZeneca's guidance for 2015, which is that sales revenue is expected to decline by mid single-digit percent at constant exchange rates and core EPS is expected to increase by low single-digit percent at CER," AstraZeneca said.
AstraZeneca had filed patent infringement lawsuits against Apotex Inc., Apotex Corp., Watson Laboratories and Breath Ltd.; and Sandoz Inc., for infringement of U.S. patents directed to methods of use and formulation and form of active ingredient for pulmicort respules.
Write to Ian Walker at ian.walker@wsj.com; @IanWalk40289749
Subscribe to WSJ: http://online.wsj.com?mod=djnwires
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