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News Breaks | | | | December 14, 2012 | | 13:04 EDT |  | AZN, TEVA, MYL | Court backs AstraZeneca, blocks generic Crestor, Bloomberg reports A U.S. appeals court ruled in favor of AstraZeneca (AZN), saying its patent on Crestor is valid and enforceable and rejecting challenges made by generic-drug makers including Mylan (MYL) and Teva Pharmaceuticals (TEVA), reported Bloomberg. The ruling protects the valuable cholesterol medicine, which brought in $2.3B in revenue in the first nine months of this year in the U.S., the report noted. Reference Link | |
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