NATCO gets a boost in favourable verdict on Copaxone

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

More From GoodReturns

Notifications
Settings
Clear Notifications
Notifications
Use the toggle to switch on notifications
  • Block for 8 hours
  • Block for 12 hours
  • Block for 24 hours
  • Don't block
Gender
Select your Gender
  • Male
  • Female
  • Others
Age
Select your Age Range
  • Under 18
  • 18 to 25
  • 26 to 35
  • 36 to 45
  • 45 to 55
  • 55+