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Generic Drugmakers Win High Court Patents Ruling on Brand Name Patents; Judge Sides With Caraco Pharmaceutical Laboratories, Ltd. (CPD) Trying to Sell a Lower-cost Version of Novo Nordisk A/S (NVO)’s Prandin  
4/18/2012 7:07:17 AM

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.

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