Please ensure Javascript is enabled for purposes of website accessibility

AstraZeneca Patent Ruled Invalid

By Justin Loiseau - Apr 2, 2013 at 6:35PM

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

2013 revenue guidance remains unchanged.

Biopharmaceutical company AstraZeneca (AZN 2.59%) announced today that the New Jersey District Court has invalidated its patent protecting Pulmicort Repulses. The court also ruled that generic defendants on a second related patent are not infringing on AstraZeneca. Pulmicort Repulses is used for treating asthma and has been the source of patent conflict between AstraZeneca and generic-drug maker Teva Pharmaceutical (TEVA 1.93%) in the past.

"AstraZenca strongly disagrees with the court's decision," said AstraZeneca Executive Vice President of North America Paul Hudson in a statement today. "AstraZeneca has full confidence in the strength of its intellectual property rights protecting Pulmicort Repulses. AstraZeneca is considering next steps, including an appeal of the court's decision."

The statement notes that the court's ruling is limited to the U.S. and will not affect Pulmicort Repulses patents in other countries. As of now, AstraZeneca hasn't changed its fiscal 2013 revenue guidance. The release does state, however, that its annual $260 million in Pulmicort Repulses-related royalties it currently receives from Teva would be affected if additional generics enter the market.

Looking beyond 2013, Pulmicort Repulses patents are set to expire in 2018, with pediatric exclusivity through 2019.

Invest Smarter with The Motley Fool

Join Over 1 Million Premium Members Receiving…

  • New Stock Picks Each Month
  • Detailed Analysis of Companies
  • Model Portfolios
  • Live Streaming During Market Hours
  • And Much More
Get Started Now

Stocks Mentioned

AstraZeneca PLC Stock Quote
AstraZeneca PLC
$66.21 (2.59%) $1.67
Teva Pharmaceutical Industries Limited Stock Quote
Teva Pharmaceutical Industries Limited
$8.47 (1.93%) $0.16

*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.

Related Articles

Motley Fool Returns

Motley Fool Stock Advisor

Market-beating stocks from our award-winning service.

Stock Advisor Returns
S&P 500 Returns

Calculated by average return of all stock recommendations since inception of the Stock Advisor service in February of 2002. Returns as of 05/22/2022.

Discounted offers are only available to new members. Stock Advisor list price is $199 per year.

Premium Investing Services

Invest better with The Motley Fool. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services.