Advertisement
UK markets close in 2 hours 10 minutes
  • FTSE 100

    8,326.08
    +112.59 (+1.37%)
     
  • FTSE 250

    20,430.26
    +265.72 (+1.32%)
     
  • AIM

    777.70
    +6.17 (+0.80%)
     
  • GBP/EUR

    1.1649
    -0.0011 (-0.09%)
     
  • GBP/USD

    1.2557
    -0.0007 (-0.06%)
     
  • Bitcoin GBP

    50,725.95
    +29.47 (+0.06%)
     
  • CMC Crypto 200

    1,319.29
    -45.84 (-3.36%)
     
  • S&P 500

    5,180.74
    +52.95 (+1.03%)
     
  • DOW

    38,852.27
    +176.59 (+0.46%)
     
  • CRUDE OIL

    77.70
    -0.78 (-0.99%)
     
  • GOLD FUTURES

    2,328.20
    -3.00 (-0.13%)
     
  • NIKKEI 225

    38,835.10
    +599.03 (+1.57%)
     
  • HANG SENG

    18,479.37
    -98.93 (-0.53%)
     
  • DAX

    18,335.53
    +160.32 (+0.88%)
     
  • CAC 40

    8,041.12
    +44.48 (+0.56%)
     

UK court backs Teva rival to AstraZeneca lung drug

TEL AVIV, Sept 3 (Reuters) - Teva Pharmaceutical Industries said Britain's High Court had handed down a positive judgment regarding its case against a patent for AstraZeneca (NYSE: AZN - news) 's Symbicort lung drug.

Israel-based Teva said it had already launched its dry powder inhaler, DuoResp Spiromax, in Britain on Monday - before the court ruling - but that the judgment dispelled any risks associated with the launch.

The inhaler has already been launched in Germany, Denmark and Portugal and the British court ruling will facilitate its sale in other European markets, the company said on Wednesday.

A spokesman added the inhaler would be a "significant" product for the company, but did not give any numbers.

ADVERTISEMENT

Symbicort is AstraZeneca's third-biggest selling drug, with worldwide sales of just under $1.9 billion in the first half of 2014.

While Teva's product uses the same active ingredients as Symbicort, formoterol and budesonide, the inhalers differ in design. (Reporting by Tova Cohen; Editing by Pravin Char)