Digg icon reddit icon Stumbleupon icon
Print Email     Print Edition Stories

Friday, December 11, 2009

Cubist, Teva patent suit to head to court

By Julie M. Donnelly

Cubist Pharmaceuticals Inc. says a trial date has been set for patent litigation in Delaware district court against Teva Parenteral Medicines, Inc.

Cubist alleges that Teva, a generic medicine manufacturer based in Israel, has infringed on three of Cubist’s patents relating to its blockbuster antibiotic, Cubicin, a therapy for serious skin and bloodstream infections. Two of the patents expire on September 24, 2019, and one patent expires June 15, 2016.

The date of the trial has been set for April 25, 2011.

Cubist filed the lawsuit after Teva filed an Abbreviated New Drug Application with the U.S. Food and Drug Administration (FDA), seeking approval to market a generic version of Cubicin before the patents expire.

Cubist’s (NASDAQ: CBST) stock was trading at $18.27 just after the midday announcement, up slightly from $17.94 at the previous close.

Cubist officials said earlier this year that they expected net U.S. revenue for Cubicin to be $520 million to $540 million for 2009.

 

Digg icon reddit icon Stumbleupon icon
Contact Editor Latest News

Comments

Please Login/Register to post comments.

No comments have been added or approved.

On the MHT blog now

Women’s wisdom comes back around

By Michelle Lang If you’ve ever heard the lyrics to Brad Paisley’s “Letter to Me”, you know that the country crooner made a song of taking his adult wisdom and imparting it on his 17-year-old self, reminding him not to bother arguing with his dad, to enjoy the adventure of his date with Bridget, and to thank his teacher for spending time with him. The same concept is done daily by pa...

Read More

Most Popular Stories
EmailedViewed
Stay Informed
Check which newsletter you'd like to receive.
TechFlash (Daily)
FinanceFlash (Daily)
BioFlash (Daily)
GreenFlash (Weekly)
Startup Report (Weekly)
Breaking news, MHT events, local announcements
RSS feeds
Your email:

Affiliate publications: ACBJ.com, Boston Business Journal, Bizjournals.com, Portfolio.com, Wired.com

Web Site Developed by Neptune Web, Inc.

Use of, registration on, this site constitutes acceptance of our User Agreement. Please read our Privacy Policy (updated) A publishing partner with Portfolio