Keywords: USA, AstraZeneca, Teva, Nexium, Prilosec, Ranbaxy, Dr Reddy's

AstraZeneca settles with Teva over generic Nexium, so avoiding a court battle

Article | 8 January 2010

Anglo-Swedish drug major AstraZeneca has entered into an agreement with Israel-based generics giant Teva Pharmaceutical Industries and its affiliates to settle patent litigation regarding Teva’s proposed generic version of the UK-based firm’s blockbuster gastrointestinal drug Nexium (esomeprazole) delayed-release capsules, which generated global sales of $3.7 billion in the nine months to September 2009.

As part of the settlement, AstraZeneca has granted Teva a license to enter the US market with its generic esomeprazole on May 27, 2014, subject to regulatory approval, or earlier in certain circumstances. Enjoying this article? To continue reading you need to login, take a FREE trial or subscribe.

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