Generic Drugmakers Win High Court Patents Ruling on Brand Name Patents; Judge Sides With Caraco Pharmaceutical Laboratories, Ltd. Trying to Sell a Lower-cost Version of Novo Nordisk A/S’s Prandin
The U.S. Supreme Court boosted generic-drug makers in seeking federal approval for treatments, saying they can argue in court that their brand-name rivals overstated the reach of their patents in regulatory filings.
The justices today unanimously sided with Caraco Pharmaceutical Laboratories Inc., a generic-drug company trying to sell a lower-cost version of Novo Nordisk AS (NOV) (NOV)’s Prandin diabetes drug.
The justices today unanimously sided with Caraco Pharmaceutical Laboratories Inc., a generic-drug company trying to sell a lower-cost version of Novo Nordisk AS (NOV) (NOV)’s Prandin diabetes drug.