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NATCO gets a boost in favourable verdict on Copaxone

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NATCO Pharma has said that the US Court of Appeals for the Federal Circuit ruling, has reversed a district court's finding related to Teva's US Patent for Copaxone.

This would essentially mean that NATCO could launch the generic Copaxone - through its

marketing partner - Mylan Inc., during May 2014, subject to FDA approval. Copaxone (Glatiramer Acetate) is used in the treatment of relapsing-remitting multiple sclerosis.

The product is estimated to have clocked revenues, in USA, of about US $3.45 Billion during 2012.

 

Shares in Natco which closed at Rs 491 on Friday, may receive a boost when markets re-open for trading on Monday.

GoodReturns.in

Read more about: natco
Story first published: Saturday, July 27, 2013, 12:25 [IST]
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