financetom
Business
financetom
/
Business
/
US appeals court reinstates pause on generic version of Novartis' Entresto
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
US appeals court reinstates pause on generic version of Novartis' Entresto
Jan 16, 2025 3:11 PM

WASHINGTON, Jan 16 - Novartis won an order from

a U.S. appeals court in Washington on Thursday temporarily

blocking drugmaker MSN Pharmaceuticals from launching a generic

version of Novartis' blockbuster heart-failure drug Entresto.

The U.S. Court of Appeals for the Federal Circuit ordered

MSN not to launch its drug while it considers Novartis' request

for a longer ban on the generic version.

The decision marks the latest change in fortune for

Novartis amid multiple eleventh-hour bids to block MSN's

generic, which Novartis said MSN could launch as early as

Thursday.

The Federal Circuit's ruling comes hours after the U.S.

Court of Appeals for the District of Columbia Circuit

lifted a similar pause

on the launch that had gone into effect Wednesday night.

Spokespeople and an attorney for Novartis did not

immediately respond to requests for comment and more information

on the rulings. An attorney for MSN declined to comment.

India-based MSN's version of Entresto was approved by the

U.S. Food and Drug Administration last year. Novartis sued MSN

and others seeking to launch Entresto generics for patent

infringement.

Entresto is Switzerland-based Novartis' best-selling drug,

which brought the company more than $6 billion in revenue in

2023.

The Federal Circuit last week reversed a 2023 decision that

invalidated one of the patents. Novartis argued in a court

filing that the ruling maintained the company's exclusive rights

to sell Entresto until July.

The company said MSN was preparing to launch its generic on

Thursday, the day Novartis' patent expired.

U.S. district courts in Washington and Delaware rejected

Novartis' requests on Wednesday for a mandate that would

immediately block the generic.

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 >
Shareholders rejected all 3 proposals in AGM, discloses Dish TV
Shareholders rejected all 3 proposals in AGM, discloses Dish TV
Mar 8, 2022
The Essel group firm is currently locked in a legal battle with its single largest shareholder, Yes Bank Ltd, which had sought reconstitution of the Dish TV board by removing Managing Director Jawahar Goel and four other directors.
London Stock Exchange Group adds 1,500 staff at Bengaluru office
London Stock Exchange Group adds 1,500 staff at Bengaluru office
Mar 9, 2022
The London Stock Exchange Group has hired 1,500 employees for the Bengaluru tech centre in 2021, and more than half of its 25,000 employees are now based across Asia-Pacific, it said. The group is present in 70 countries across Asia Pacific, Europe, West Asia, Africa, North America and Latin America.
Mad About Markets: Experts discuss ways to promote gender equality in India
Mad About Markets: Experts discuss ways to promote gender equality in India
Mar 8, 2022
Equality, parity, impartiality- that's what women want! When societies become more equal, economies become more resilient. According to World Economic Forum report, India ranks an abysmal 140 out of 156 countries on the gender gap index. To discuss this, CNBC-TV18 spoke to Shrayana Bhattacharya, Economist at World Bank's Social Protection and Labour Unit for South Asia; Varsha Adusumilli, Founder of Wonder Girls and Tarun Jain, Professor of Economics at Indian Institute of Management, Ahmedabad.
Reliance Industries opens largest convention centre at Jio World Centre in Mumbai's BKC
Reliance Industries opens largest convention centre at Jio World Centre in Mumbai's BKC
Mar 4, 2022
Envisioned by Nita Ambani, director of Reliance Industries and founder-chairperson of Reliance Foundation, the centre covers an expanse of 18.5 acres in Mumbai's Bandra Kurla Complex and is set to become an iconic business, commerce and culture destination, giving India and its citizens a world-class landmark.
Copyright 2023-2025 - www.financetom.com All Rights Reserved