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.

LLY Eli Lilly and Co

744.50
-32.25 (-4.15%)
03 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Eli Lilly and Co NYSE:LLY NYSE Common Stock
  Price Change % Change Share Price High Price Low Price Open Price Shares Traded Last Trade
  -32.25 -4.15% 744.50 778.08 754.29 778.08 3,258,550 01:00:00

Lilly: German Supreme Court Grants Appeal in Dispute With Actavis

15/06/2016 1:11am

Dow Jones News


Eli Lilly (NYSE:LLY)
Historical Stock Chart


From May 2019 to May 2024

Click Here for more Eli Lilly Charts.
   By Josh Beckerman 
 

Eli Lilly & Co. said the German Federal Supreme Court granted the company's appeal in a patent dispute with Actavis over its Alimta cancer drug, vacating a prior decision denying infringement by Actavis.

In 2015, Actavis PLC bought Allergan Inc. for about $70.5 billion and changed its name to Allergan PLC.

Alimta treats mesothelioma, a rare cancer linked to asbestos exposure. It consists of two patents: The compound patent, which covers the basic chemical composition, and a second patent, which covers the method of administering Alimta with vitamins designed to mitigate side effects.

In the German case, which involves the vitamin regimen patent, the Supreme Court returned the case to the Court of Appeal for further proceedings, Lilly said.

An Allergan spokesman wasn't immediately available for comment late Tuesday.

Lilly lost a similar case to Actavis in February in the U.K., saying it planned to appeal the ruling, which affects sales in the U.K., France, Italy and Spain.

In August, a U.S. federal court ruled that generic products proposed by a Teva Pharmaceutical Industries Ltd. unit would infringe a U.S. patent for Alimta.

Last year, Teva agreed to buy Allergan's generic-drug business for about $40.5 billion in cash and stock.

 

Write to Josh Beckerman at josh.beckerman@wsj.com

 

(END) Dow Jones Newswires

June 14, 2016 19:56 ET (23:56 GMT)

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

1 Year Eli Lilly Chart

1 Year Eli Lilly Chart

1 Month Eli Lilly Chart

1 Month Eli Lilly Chart

Your Recent History

Delayed Upgrade Clock