Teva Announces Appellate Court Reverses Generic Risperdal(R) Exclusivity Decision

Teva Pharmaceutical Industries Ltd. (Nasdaq:TEVA) announced that following a hearing on September 12, 2008, the U.S. Court of Appeals for the District of Columbia has vacated an April 2008 ruling, which granted Teva 180-day exclusivity for its Risperidone Tablets, AB-rated to Janssen’s Risperdal® Tablets. As a result of this decision, the U.S. Food and Drug Administration is no longer enjoined from approving subsequent Abbreviated New Drug Applications (ANDA).

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Filed under: Bipolar on September 22nd, 2008