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PFE Pfizer CDR CAD Hedged

13.28
-0.07 (-0.52%)
12 Aug 2024 - Closed
Delayed by 15 minutes
Name Symbol Market Type
Pfizer CDR CAD Hedged NEO:PFE NEO Depository Receipt
  Price Change % Change Price Bid Price Offer Price High Price Low Price Open Price Traded Last Trade
  -0.07 -0.52% 13.28 13.21 13.68 13.35 13.24 13.31 51,060 22:30:01

Danish Court Issues Preliminary Injunction That Prohibits Sale of Generic Lipitor Product

23/02/2007 1:07pm

PR Newswire (US)


Pfizer CDR CAD Hedged (NEO:PFE)
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NEW YORK, Feb. 23 /PRNewswire-FirstCall/ -- Pfizer Inc said today that a Danish court has granted a preliminary injunction against Nomeco A/S -- the largest pharmaceutical wholesaler in Denmark -- that prohibits the sale of a generic version of Lipitor by generics manufacturer Ranbaxy. The injunction, issued by the Bailiff's Court of the Copenhagen City Court in Denmark and subject to possible appeal by Nomeco, requires Ranbaxy's generic atorvastatin product to be withdrawn from the Danish market pending the outcome of a patent infringement trial that has not yet been scheduled. At issue are three Pfizer patents covering atorvastatin calcium, the active ingredient in Lipitor, as well as processes and intermediate compounds used to make atorvastatin. The latest-expiring of the patents provides coverage for Lipitor through November, 2011. The Bailiff's Court ruled in Pfizer's favor on all three patents. "This ruling is another significant milestone in our defense of Lipitor patents around the world," said Pfizer Senior Vice President and General Counsel Allen Waxman. "And it's an important outcome for Pfizer and other medical innovators who invest in high-risk research to develop life-saving medicines for millions of patients," added Karin Verland, country manager of Pfizer Denmark. DATASOURCE: Pfizer Inc CONTACT: Bryant Haskins, +1-212-733-8719 Company News On-Call: Pfizer's press releases are available through PR Newswire's Company News On-Call service on PRN's Web Site. Visit http://www.prnewswire.com/comp/688250.html Company News On-Call: http://www.prnewswire.com/comp/688250.html

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