financetom
Business
financetom
/
Business
/
Novartis Unable to Block Launch of MSN Pharmaceuticals' Version of Entresto, Court Decision Shows
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Novartis Unable to Block Launch of MSN Pharmaceuticals' Version of Entresto, Court Decision Shows
Aug 13, 2024 4:00 AM

06:35 AM EDT, 08/13/2024 (MT Newswires) -- Novartis AG ( NVS ) was unable to convince a federal court to stop MSN Pharmaceuticals from launching its own version of the company's heart-failure drug Entresto, a court decision issued on Monday showed.

MSN's version of Entresto was approved by the US Food and Drug Administration on Jul. 24, after which Novartis ( NVS ) asked the court on Aug. 2 for a preliminary injunction to block MSN's launch.

US District Judge Richard Andrews in Delaware ruled that Novartis ( NVS ) was unlikely enough to win its patent-infringement lawsuit challenging the generic to justify halting MSN's launch.

However, Andrews placed a three-day hold on the case and temporarily asked MSN not to sell the drug while Novartis ( NVS ) appeals to the US Court of Appeals for the Federal Circuit.

Novartis ( NVS ) didn't immediately respond to MT Newswires' request for comment on the decision.

Price: 111.31, Change: -0.11, Percent Change: -0.10

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Strategy Acquires 22,048 More Bitcoin For $1.92 Billion, Bringing Total Holdings To 528,185 BTC
Strategy Acquires 22,048 More Bitcoin For $1.92 Billion, Bringing Total Holdings To 528,185 BTC
Mar 31, 2025
Strategy Incorporated on Monday announced it has significantly expanded its cryptocurrency portfolio by acquiring 22,048 Bitcoin (CRYPTO: BTC) for $1.92 billion between March 24 and March 30 at an average price of $86,969 per BTC. What Happened: As of March 30, the company now holds a total of 528,185 BTC, purchased at an average cost of $67,458 per coin, amounting...
OPAL Fuels Sells $8.9 Million Investment Tax Credits
OPAL Fuels Sells $8.9 Million Investment Tax Credits
Mar 31, 2025
10:15 AM EDT, 03/31/2025 (MT Newswires) -- OPAL Fuels ( OPAL ) said Monday it has completed the sale of $8.9 million in investment tax credits. Sapphire RNG facility, a joint venture in which OPAL holds a 50% stake, generated the credits under the Inflation Reduction Act, the company said. Proceeds from the sale will add to the company's net...
TPG RE Finance Closes $1.1 Billion Commercial Real Estate Collateralized Loan Obligation
TPG RE Finance Closes $1.1 Billion Commercial Real Estate Collateralized Loan Obligation
Mar 31, 2025
10:12 AM EDT, 03/31/2025 (MT Newswires) -- TPG RE Finance Trust ( TRTX ) said Monday it closed a $1.1 billion managed commercial real estate collateralized loan obligation on Friday. The company placed $962.5 million of investment-grade securities with institutional investors, providing it with term financing on a non-mark-to-market, non-recourse basis, it said, adding that the obligation has a 30-month...
Vanda Pharmaceuticals Seeks US FDA Approval for Bysanti to Treat Schizophrenia, Acute Bipolar I Disorder
Vanda Pharmaceuticals Seeks US FDA Approval for Bysanti to Treat Schizophrenia, Acute Bipolar I Disorder
Mar 31, 2025
10:15 AM EDT, 03/31/2025 (MT Newswires) -- Vanda Pharmaceuticals ( VNDA ) said Monday that it submitted a new drug application with the US Food and Drug Administration requesting marketing approval for Bysanti to treat acute bipolar I disorder and schizophrenia. The company started a phase 3 study of the drug as a once-daily add-on treatment for major depressive order...
Copyright 2023-2026 - www.financetom.com All Rights Reserved