Pfizer Inc. (PFE) Financial News - Google, Pfizer, Vizio, Zynga, Apple, Sturgis, CBS: Intellectual Property
Pfizer Inc. (PFE)
Google, Pfizer, Vizio, Zynga, Apple, Sturgis, CBS: Intellectual Property
2011-08-16 02:21:56Quote: Pfizer Wins Viagra Patent-Infringement Case Against Teva Pfizer Inc. (PFE)Teva Pharmaceutical Industries Ltd. (TEVA) from marketing a generic version of the impotence drug Viagra until 2019. Virginia, ruled Aug. 12 against Petach Tikva, Israel-based Teva, which claimed patent 6,469,012 wasnâ€™t valid and couldnâ€™t be enforced. â€œTeva has not shown by clear and convincing evidence that the patent is invalid,â€ Smith said in a 110-page opinion. In addition, â€œthere is utterly no evidenceâ€ to support Tevaâ€™s claim that that Pfizer intentionally withheld documents from the U.S. Patent and Trademark Office, Smith wrote. Viagra sales increased 5.5 percent in the first quarter to $479 million, Pfizer said in May. New York-based Pfizer, the worldâ€™s biggest drugmaker, posted net income of $8.26 billion last year on sales of $67.8 billion. â€œProtecting the intellectual property rights of our innovative core is critical,â€ Amy Schulman, Pfizerâ€™s general counsel, said in a statement. â€œFridayâ€™s court decision acknowledges Tevaâ€™s clear violation of our patent rights.â€ The ruling was â€œa surprise,â€ Bloomberg Industries analyst Asthika Goonewardene said in an interview. â€œThe patent was a method-of-use patent, and usually these donâ€™t hold up that well in court for small molecular drugs,â€ Goonewardene said. â€œThe courtâ€™s decision to uphold this patent means other filers wanting to enter in 2012 are not likely to do so then.â€ Denise Bradley, a Teva spokeswoman, declined to comment on the ruling. The case is Pfizer v. Teva, 10-cv-128, U.S. District Court, Eastern District of Virginia (Norfolk). Renesas Patent Complaint Seeks to Bar U.S. Imports of Vizio TVs Renesas Electronics Corp. (6723), the worldâ€™s biggest maker of microcontrollers used in cars and appliances, filed patent- infringement complaints seeking to block Vizio Inc. televisions from the U.S. ...
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