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(Reuters) - Abbvie Inc said on Thursday it settled all patent disputes with Novartis AG, granting it a non-exclusive license to manufacture and sell a copycat version of blockbuster drug, Humira. Abbvie, however, did not disclose details regarding the royalties it will receive from Novartis generics unit, Sandoz, as part of the agreement. Shares of Abbvie rose 2.39 percent to $92.87 in after-market trading. The license period will begin on Sept. 30, 2023 in the United States and on Oct. 16 in most countries in the European Union, Abbvie said in a statement.
Sandoz received marketing approval for its Humira biosimilar from the European Commission in July and had submitted its application to the U.S, health regulator early this year, Last year, Abbvie reached a settlement with Amgen Inc, delaying Amgen’s cheaper biosimilar version of Humira until Jan, 31, 2023, Humira is the world’s best-selling prescription medicine and has long buoyed AbbVie’s business, raking in $5.19 billion in second-quarter sales, But as cheaper biosimilar versions come closer to entering the market, the company has been trying to grow sales from its other medicines, including designer cufflinks sale cancer treatment Imbruvica..
(Reuters) - A New Jersey jury on Thursday cleared Johnson & Johnson of liability in a case involving a woman who alleged that the company’s talc-based products, including its baby powder, contain asbestos and caused her cancer. After less than a day of deliberations, the jury in New Brunswick, New Jersey rejected claims by Rosalind Henry and her husband, who had alleged that Henry’s mesothelioma, a cancer associated with asbestos exposure, was caused by the company’s talc products.
J&J is facing some 10,600 liability lawsuits across the United States over its designer cufflinks sale talc products, most involving claims that they caused ovarian cancer, and that the company knew of and concealed risks associated with the products, The company, which is based just a few miles from the courtroom where the latest case took place, said it was pleased with the unanimous jury verdict, “We have deep sympathy for anyone diagnosed with any form of cancer and appreciate that people are looking for answers, However, Johnson’s baby powder is not the cause of this disease,” the company said in a statement, It said decades of scientific testing by academic institutions and regulators have shown its talc to be safe and free of asbestos..
A lawyer for Henry did not immediately return a request for comment. During trial, Henry’s lawyers said J&J had known for decades about asbestos fibers in its talc, but hid the evidence from regulators and consumers. J&J has been fighting talc cancer lawsuits for several years, but the litigation shifted in recent months to include allegations of asbestos contamination. Plaintiffs now claim asbestos fibers in the products are causing both ovarian cancer and mesothelioma. In April, J&J lost the first trial over such allegations when a jury in New Jersey awarded $117 million to a man suffering from mesothelioma and his wife.
NEW YORK (Reuters) - Pfizer Inc on Thursday settled charges by New York’s attorney general that it misled consumers in its drug copayment coupon program into thinking they would pay far less to fill prescriptions than they ended up having to shell out, The drugmaker agreed to pay $500,000 in fines and costs, and make more than $200,000 in restitution over the coupons, which designer cufflinks sale can help consumers burdened by health insurance plans that carry high copayments and deductibles, Pfizer’s coupons said consumers would “PAY NO MORE THAN” $15, $20 or $25 for Estring to treat vaginal atrophy, Quillivant XR and Quillichew ER for attention deficit hyperactivity disorder, and Flector patches for acute pain from minor injuries..
New York Attorney General Barbara Underwood said this was “deceptive” because Pfizer buried limits on the total savings in the small print, and that thousands of consumers ended up paying much more. Underwood said one woman got a surprise at her pharmacy register when she was required to pay $144.62 for Estring instead of the promised $15 maximum. The settlement resolves claims from 2014 to 2017, and Underwood said the rate at which New York consumers paid more than the advertised maximums went up over time.
Pfizer changed the text of its coupons this designer cufflinks sale year to say consumers could “pay as little as” specified amounts, The New York-based company acknowledged some of the attorney general’s findings but did not admit or deny liability, Pfizer confirmed the settlement, and said reimbursements will go to consumers who used coupons in the last three years, It refunded $129.62 to the woman who paid $144.62 for Estring after the attorney general’s office intervened, according to a footnote in the settlement agreement..