ADVFN Logo ADVFN

We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now

Toplists

It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Hot Features

Registration Strip Icon for monitor Customisable watchlists with full streaming quotes from leading exchanges, such as LSE, NASDAQ, NYSE, AMEX, Bovespa, BIT and more.

AMGN Amgen Inc

319.10
6.24 (1.99%)
After Hours
Last Updated: 22:54:05
Delayed by 15 minutes
Share Name Share Symbol Market Type
Amgen Inc NASDAQ:AMGN NASDAQ Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  6.24 1.99% 319.10 319.29 319.66 319.78 313.37 313.68 2,547,791 22:54:05

Judge Denies Amgen's Request to Block Novartis's Biosimilar of Neupogen

19/03/2015 10:46pm

Dow Jones News


Amgen (NASDAQ:AMGN)
Historical Stock Chart


From Sep 2019 to Sep 2024

Click Here for more Amgen Charts.
By Peter Loftus 

A federal judge denied Amgen Inc.'s request to block Novartis AG from selling a copy of an Amgen drug for chemotherapy patients in the U.S.

U.S. District Judge Richard Seeborg in San Francisco issued an order Thursday finding that Novartis's Sandoz division was "within its rights" not to disclose certain information to Amgen about Novartis's proposed copy of the biotechnology drug, Neupogen, according to a court document. Copies of biotechnology drugs are known as "biosimilars."

The judge denied Amgen's request for a preliminary injunction to block the Novartis product from the market, and dismissed Amgen's claims in a lawsuit that Novartis failed to follow U.S. regulatory rules in its attempt to sell the biosimilar by allegedly not disclosing information about its product to Amgen. Novartis denied the allegations.

Amgen's claims that Novartis is infringing upon a patent for Neupogen remain unresolved and could still go to trial.

The U.S. Food and Drug Administration this month approved Novartis's product, Zarxio, for U.S. sale. It was the FDA's first approval of a biosimilar under new regulatory criteria designed to facilitate the introduction of lower-cost copies of biotechnology drugs.

The drug industry is closely watching the litigation surrounding the Neupogen biosimilar because the outcome could signal whether a coming wave of biosimilar drugs will face speed bumps on their way to market.

A Novartis spokesman said the company welcomes the court decision and looks forward to selling Zarxio, but didn't say when it would do so. He said Novartis has agreed with Amgen to jointly request a speedy review of any appeal to a federal appellate court.

An Amgen spokeswoman said the company is disappointed in the decision and will seek review by the appeals court. She noted that Thursday's order didn't address Amgen's patent infringement action, "which remains for trial."

Write to Peter Loftus at peter.loftus@wsj.com

Access Investor Kit for Novartis AG

Visit http://www.companyspotlight.com/partner?cp_code=P479&isin=CH0012005267

Access Investor Kit for Amgen, Inc.

Visit http://www.companyspotlight.com/partner?cp_code=P479&isin=US0311621009

Access Investor Kit for Novartis AG

Visit http://www.companyspotlight.com/partner?cp_code=P479&isin=US66987V1098

Subscribe to WSJ: http://online.wsj.com?mod=djnwires


1 Year Amgen Chart

1 Year Amgen Chart

1 Month Amgen Chart

1 Month Amgen Chart