PITTSBURGH, Mylan Laboratories Inc. (NYSE: MYL) today announced that the U.S. Court of Appeals for the Federal Circuit today granted its motion for a reversal of the district court judgment in its patent infringement litigation with Pfizer concerning amlodipine besylate.
On February 22, 2007, the district court for the Western District of Pennsylvania had ruled in favor of Pfizer and Mylan immediately appealed and has continued to fully expect a reversal of the decision. Mylan was able to launch its amlodipine products following a March 22, 2007 decision by the U.S. Court of Appeals for the Federal Circuit that claims 1-3 of the amlodipine '303 patent were invalid.
Robert J. Coury, Mylan's Vice Chairman and Chief Executive Officer commented: "We are pleased to have prevailed in our amlodipine besylate litigation and the judicial system ultimately confirmed the position that we were the first to assert and have consistently maintained concerning this product for over four years. We are further pleased that our first to market generic amlodipine products have saved patients, corporations, the government and taxpayers hundreds of millions of dollars in healthcare costs."
Amlodipine Besylate Tablets are the generic version of Pfizer's Norvasc(R) Tablets, which had U.S. sales of approximately $2.7 billion for the 12-month period ending Dec. 31, 2006, according to IMS Health.
Mylan Laboratories Inc. is a leading pharmaceutical company with three principal subsidiaries, Mylan Pharmaceuticals Inc., Mylan Technologies Inc. and UDL Laboratories Inc., and a controlling interest in Matrix Laboratories Limited, India. Mylan develops, licenses, manufactures, markets and distributes an extensive line of generic and proprietary products.
Source: PR Newswire