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 discussion Register to chat with like-minded investors on our interactive forums.

JNJ Johnson and Johnson

149.30
-1.88 (-1.24%)
Last Updated: 17:20:27
Delayed by 15 minutes
Share Name Share Symbol Market Type
Johnson and Johnson NYSE:JNJ NYSE Common Stock
  Price Change % Change Share Price High Price Low Price Open Price Shares Traded Last Trade
  -1.88 -1.24% 149.30 152.33 149.15 151.77 2,925,907 17:20:27

Court Says Pfizer's Biosimilar of J&J's Remicade Doesn't Infringe Patent

17/08/2016 11:31pm

Dow Jones News


Johnson and Johnson (NYSE:JNJ)
Historical Stock Chart


From May 2019 to May 2024

Click Here for more Johnson and Johnson Charts.
By Maria Armental 

Pfizer Inc.'s lower-priced version of Johnson & Johnson's blockbuster autoimmune disease drug Remicade doesn't infringe a patent, a federal court ruled on Wednesday, potentially clearing the way for the drug's sale in October.

J&J said it would appeal the decision and affirmed its sales projections.

Remicade, first approved for sale in the U.S. in 1998, is J&J's largest product by sales, accounting for $6.56 billion in sales last year, including $4.5 billion in the U.S. The drug's two lead indications are inflammatory bowel disease, including Crohn's disease and ulcerative colitis, and rheumatoid arthritis and associated indications.

The so-called biosimilar to infliximab was developed by South Korea's Celltrion Inc. and is already available in Europe and Canada.

Pfizer acquired rights to sell the so-called biosimilar drug in some markets, including the U.S. and Canada, as part of its Hospira acquisition last year.

U.S. health regulators approved the drug in June, and Pfizer indicated it planned to start selling it in early October, following the required 180-day marketing notice.

Write to Maria Armental at maria.armental@wsj.com

 

(END) Dow Jones Newswires

August 17, 2016 18:16 ET (22:16 GMT)

Copyright (c) 2016 Dow Jones & Company, Inc.

1 Year Johnson and Johnson Chart

1 Year Johnson and Johnson Chart

1 Month Johnson and Johnson Chart

1 Month Johnson and Johnson Chart

Your Recent History

Delayed Upgrade Clock