Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers T > Headlines for Teva Pharmaceutical Industries Ltd. > News item |
Teva says court finds FDA denial of exclusivity period for IVAX's generic Zocor unlawful
By Angela McDaniels
Seattle, May 1 - Teva Pharmaceutical Industries Ltd. said the U.S. District Court for the District of Columbia has granted Teva's motion for summary judgment on the issue of whether IVAX Corp.'s abbreviated New Drug Application to market a generic version of Merck's Zocor (simvastatin) Tablets, 10, 20 and 40 mg is entitled to a 180-day period of Hatch-Waxman statutory exclusivity.
The court found unlawful the Food and Drug Administration's decision in October 2005 that denied IVAX's citizen's petition on the exclusivity issue and remanded the matter back to the FDA, according to a company news release.
Teva Pharmaceutical is based in Jerusalem, Israel, and develops, manufactures and markets generic pharmaceuticals and active pharmaceutical ingredients. It acquired Miami-based pharmaceutical company IVAX in January.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.