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 default Register for Free to get streaming real-time quotes, interactive charts, live options flow, and more.

BMRN BioMarin Pharmaceutical Inc

79.65
0.00 (0.00%)
15 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
BioMarin Pharmaceutical Inc NASDAQ:BMRN NASDAQ Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 79.65 79.65 81.21 0 01:00:00

Amgen Files Patent Infringement Suit Over Cholesterol Drug

17/10/2014 6:40pm

Dow Jones News


BioMarin Pharmaceutical (NASDAQ:BMRN)
Historical Stock Chart


From May 2019 to May 2024

Click Here for more BioMarin Pharmaceutical Charts.

Amgen Inc. said Friday that it has filed a patent-infringement lawsuit against Regeneron Pharmaceuticals Inc. and Sanofi SA over their experimental cholesterol drug, alirocumab.

The suit, filed in the U.S. District Court of Delaware, comes as Amgen and Regeneron and Sanofi race to be the first to get their cholesterol drugs to the market.

The suit alleges that Regeneron and Sanofi are violating three Amgen patents with alirocumab, one of an emerging group of medicines that lower cholesterol by targeting a gene known as PCSK.

A representative from Regeneron said the company hasn't been served with any papers in the matter and doesn't infringe any "valid claim" in the asserted patents.

In an attempt to speed the approval process, Regeneron and Sanofi paid $67.5 million to acquire a special voucher held by BioMarin Pharmaceuticals Inc. earlier this year. The voucher entitles the holder to ask the FDA for priority review of a drug application that would otherwise get a standard review, potentially shortening the review process to six months from the standard 10 months.

Amgen is also seeking regulatory approval of its experimental cholesterol drug, evolocumab. Amgen said in August that it had submitted a new drug application to the Food and Drug Administration.

The Amgen suit is seeking an injunction to stop the manufacture, use and sale of alirocumab.

Write to Chelsey Dulaney at Chelsey.Dulaney@wsj.com

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


1 Year BioMarin Pharmaceutical Chart

1 Year BioMarin Pharmaceutical Chart

1 Month BioMarin Pharmaceutical Chart

1 Month BioMarin Pharmaceutical Chart

Your Recent History

Delayed Upgrade Clock