ALL ACHIEVEMENT, ALL EARNED RICHES, HAVE THEIR BEGINNING IN AN IDEA!

 


IntelliPharmaCeutics Said It's Being Sued For Patent Infringement

IntelliPharmaCeutics Ltd. today announced several parties have filed complaints alleging patent infringement in relation to it's FDA approved generic drug application.

Press Release

In late August of this year, we announced that the Company's operating affiliate IntelliPharmaCeutics Corp. ("IntelliPharmaCeutics") had received acceptance from the U.S. Food and Drug Administration for the filing of IntelliPharmaCeutics' generic drug application (known as an ANDA) for a drug product it has developed for commercialization with a drug development partner, using IntelliPharmaCeutics' proprietary controlled release drug delivery technology. The application seeks the FDA's approval to commercialize generic versions of each of 4 strengths of a branded drug called FOCALIN XR(R).   

IntelliPharmaCeutics also filed the FDA's customary form of Paragraph IV certification which IntelliPharmaCeutics had delivered to the owners of certain patents listed with the FDA as pertaining to FOCALIN XR(R). This certification contains IntelliPharmaCeutics' indication that it believes that its generic versions of FOCALIN XR(R) do not infringe those patents and/or that the patents are invalid or unenforceable.

These generic drug products have been developed by IntelliPharmaCeutics under a collaboration arrangement with Par Pharmaceutical, Inc. ("Par" or "Par Pharmaceutical") which includes agreement that Par will be responsible for litigation and its costs. Par is the agent for IntelliPharmaCeutics in respect of its filing with the FDA for approval to commercialize the generic versions of FOCALIN XR(R).

Early in October, 2007, certain parties who have claimed to hold patents relating to FOCALIN XR(R) filed complaints alleging patent infringement. The complaints make such allegations against one or more of the Company, IntelliPharmaCeutics and Par. They comprise a complaint by Elan Corporation, PLC which alleges ownership of two pertinent U.S. patents and a complaint by Celgene Corporation, Norvartis Pharmaceutical and Novartis Pharma AG, which alleges ownership by Celgene of five pertinent U.S. patents. The latter complaint alleges that Novartis AG is the exclusive licensee and that Novartis Pharmaceutical is the manufacturer and distributor for FOCALIN XR(R) in the United States.

Lawsuits such as these are an ordinary and expected part of the process of obtaining approval to commercialize a generic drug product in the United States. The Company remains confident that IntelliPharmaCeutics' generic versions of FOCALIN XR(R) do not infringe those patents. Together with itsdevelopment partner, Par Pharmaceutical, IntelliPharmaCeutics intends to vigorously defend against the complaints described above.

For further information: John Allport, VP Legal Affairs, IntelliPharmaCeutics Corp., 30 Worcester Road, Toronto, Ontario, M9W 5X2, Tel: (416) 798-3001 Ext. 104, Fax: (416) 798-4276



 digg.comgoogle.comYahooMyWeblive.comdel.icio.usask.comRedditstumbleupon.comTechnorati
Recent Articles

Google's Adsense Network Serving DoubleClick Display Ads

Since closing it's DoubleClick acquisition earlier this year things have been relatively quite on the DoubleClick front, but it now appears that Google has began serving display ads to it's Adsense ne

Jay-Z Says Las Vegas 40/40 Club is Doing Fine

Jay-Z dispel rumors that his 4-month-old 40/40 Club in Las Vegas is in trouble.

Is 50 Cent About to Sign $300M MySpace Deal?

Reports have surfaced that 50 Cent is in the midst of putting together a $300M deal with News Corp's MySpace.

Oprah's Harpo Inc. is Black Enterprise Magazine's Company of the Year

Black Enterprise magazine has named Oprah Winfrey’s Harpo Inc. its 2008 BE100s Company of the Year.

Google Targets Africa

The search giant is betting that it can become synonymous with the Internet in Africa.

Jay-Z Closes $150 Million Live Nation Deal

Jay-Z has officially closed his $150 million 360 deal with Live Nation Inc., sources report.

Magic Johnson's Canyon-Johnson Closes New $1 Billion Canyon-Johnson Urban Fund III

The Canyon-Johnson Urban Fund, a partnership of Canyon Capital Realty Advisors and Earvin “Magic” Johnson, today announced the closing of its $1 billion Canyon-Johnson Urban Fund III.


Urban Hustler Sponsors
Executive Profiles

Company Profiles

UrbanHustler.com - From The Street To The Boardroom.

© Errim Styles Network. All right reserved.