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POZEN Inc. Message Board

  • matrix_mania44 matrix_mania44 Mar 22, 2011 9:05 AM Flag

    POZN Files Injunction Against PAR

    in the CC POZN said they didn't want to do this as it could cause further delays in the Lawsuit. What else is new???

    POZEN Files Motion for Preliminary Injunction in Treximet Patent Litigation 03/22 08:10 AM



    CHAPEL HILL, N.C.--(BUSINESS WIRE)-- POZEN Inc. (POZN:$4.67,00$-0.01,00-0.21%) , a pharmaceutical company committed to transforming medicines that transform lives, today announced that it has filed a motion for a preliminary injunction seeking to prevent Par Pharmaceuticals, Inc. (Par) from launching a generic version of Treximet® (sumatriptan and naproxen sodium). Par, which POZEN (POZN:$4.67,00$-0.01,00-0.21%) believes has 180 days of exclusivity for its generic product as the first company to file an Abbreviated New Drug Application (ANDA) with the United States Food and Drug Administration (FDA), could launch the product into the United States market, at risk, after regulatory exclusivity for Treximet expires on April 15, 2011. The motion was filed in the United States District Court for the Eastern District of Texas, where the Company’s ongoing patent litigation against Par and several other generic companies is pending. There can be no assurance that the motion will be granted.
    The Company has three issued U.S. patents covering Treximet which are licensed exclusively to GlaxoSmithKline (GSK:$37.8100,$0.4700,1.26%) in the United States, two of which expire in August 2017 and one which expires in October 2025, which have been challenged by four generic companies who have filed ANDAs with FDA seeking approval to market generic versions of the product. The Company filed suit against Par, Alphapharm Pty Ltd., (“Alphapharm”), Teva Pharmaceuticals USA (“Teva”), and Dr. Reddy’s Laboratories, Inc. (“Dr. Reddy’s”), all in the United States District Court for the Eastern District of Texas, and the cases were consolidated into one suit. A settlement was reached with Teva in April 2010. The case against Par, Alphapharm and Dr. Reddy’s was tried before Judge Leonard Davis in October 2010. A decision in the case is pending.
    POZEN (POZN:$4.67,00$-0.01,00-0.21%) continues to have full confidence in the strength of its intellectual property rights protecting Treximet and will continue to vigorously defend and enforce its intellectual property.

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    • Pozen's intellectual property on Trex is solid. That is why Teva didn't want anything more to do with suit.

      Patent protection against copycats is paramount. We will win this lawsuit. My guess is that verdict will be coming out in the next couple of weeks. Prior to April 15th expiration.

      At these price levels stock is a no brainer. Load up fellas. When judge rules in our favor stock will be above 8.

    • I want Pozen to succeed in that, but how are they showing that this Injunction is in the public interest? Without showing that they cannot get it. Cheaper generics are usually in the public interest.

 
POZN
8.70-0.03(-0.34%)Apr 17 4:00 PMEDT

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