AstraZeneca PLC
9 January 2001
GENERIC CHALLENGE TO LOSEC WITHDRAWN IN CANADA
AstraZeneca today announced that the Canadian Federal Court has ordered that
the proceedings against Genpharm Inc, are deemed to be withdrawn, following
the earlier rejection of a regulatory application by Genpharm for generic
omeprazole, thus rendering the court proceedings moot.
In March 1999, Genpharm Inc, advised it was seeking regulatory approval in
Canada to market generic omeprazole capsules and made allegations with respect
to AstraZeneca's patents. AstraZeneca responded by filing lawsuits that
disputed Genpharm's allegations. In October 2000, the Canadian regulatory
authority rejected Genpharm's regulatory application for its generic
omeprazole product.
For several years, various companies have sought to market generic omeprazole
in Canada. AstraZeneca has successfully asserted its patent rights for its
Losec product and no generic product has reached the market to date.
AstraZeneca is a major international healthcare business engaged in the
research, development, manufacture and marketing of ethical (prescription)
pharmaceuticals and the supply of healthcare services. It is one of the top
five pharmaceutical companies in the world with healthcare sales of over USD15
billion and leading positions in sales of gastrointestinal, oncology,
anaesthesia including pain management, cardiovascular, central nervous system
(CNS) and respiratory products.
9 January 2001
Further enquiries to:
Michael Olsson Tel +44 (0)20 7304 5087
Ed Seage Tel +44 (0)20 7304 5101
Jorgen Winroth Tel +1 609 896 4148
*A Private Investor is a recipient of the information who meets all of the conditions set out below, the recipient:
Obtains access to the information in a personal capacity;
Is not required to be regulated or supervised by a body concerned with the regulation or supervision of investment or financial services;
Is not currently registered or qualified as a professional securities trader or investment adviser with any national or state exchange, regulatory authority, professional association or recognised professional body;
Does not currently act in any capacity as an investment adviser, whether or not they have at some time been qualified to do so;
Uses the information solely in relation to the management of their personal funds and not as a trader to the public or for the investment of corporate funds;
Does not distribute, republish or otherwise provide any information or derived works to any third party in any manner or use or process information or derived works for any commercial purposes.
Please note, this site uses cookies. Some of the cookies are essential for parts of the site to operate and have already been set. You may delete and block all cookies from this site, but if you do, parts of the site may not work. To find out more about the cookies used on Investegate and how you can manage them, see our Privacy and Cookie Policy
To continue using Investegate, please confirm that you are a private investor as well as agreeing to our Privacy and Cookie Policy & Terms.