AstraZeneca wins legal round in Teva Seroquel row
WASHINGTON (Reuters) - Teva Pharmaceutical Industries Ltd (TEVA.O) said on Tuesday that AstraZeneca Plc (AZN.L) won the latest court battle in their patent dispute over a generic version of AstraZeneca's blockbuster schizophrenia drug.
The U.S. District Court for the District of New Jersey granted summary judgment in AstraZeneca's favour in the case, according to Jerusalem-based Teva.
Teva, one of the world's biggest makers of generic drugs, said it would appeal the ruling.
AstraZeneca is fending off the threat of generic competition for Seroquel, which had $4 billion (2 billion pounds) in worldwide sales last year. It is known generically as quetiapine and is the company's second biggest seller.
(Reporting by Kim Dixon; editing by Jeffrey Benkoe)
© Thomson Reuters 2009 All rights reserved.
Credit headwind
News headlines speak of recovery, but financing is still a big problem in Germany. The dearth of credit to tide firms over is frustrating policymakers, who are blaming reluctant banks and there is little agreement on how best to increase lending flows. Full Article

UK
US