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 02:21:56
Quote: 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 wasn’t valid and couldn’t be
enforced.
“Teva has not shown by clear and convincing evidence that
the patent is invalid,†Smith said in a 110-page opinion. In
addition, “there is utterly no evidence†to support Teva’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
world’s biggest drugmaker, posted net income of $8.26 billion
last year on sales of $67.8 billion.
“Protecting the intellectual property rights of our
innovative core is critical,†Amy Schulman, Pfizer’s general
counsel, said in a statement. “Friday’s court decision
acknowledges Teva’s clear violation of our patent rights.â€
The ruling was “a surprise,†Bloomberg Industries analyst
Asthika Goonewardene said in an interview.
“The patent was a method-of-use patent, and usually these
don’t hold up that well in court for small molecular drugs,â€
Goonewardene said. “The court’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 world’s biggest maker of
microcontrollers used in cars and appliances, filed patent-
infringement complaints seeking to block Vizio Inc. televisions
from the U.S. ...Open whole article (external link)