Favorable Verdict for Mylan - Analyst Blog
2013年5月23日 - 8:40AM
Zacks
Mylan Inc. (MYL) recently announced that the
Court of Appeals for the Federal Circuit has issued a favorable
verdict for the company in a patent infringement case. The court
overturned the decision of the District Court invalidating five of
Mylan's patents related to its chronic obstructive pulmonary
disease (COPD) drug Perforomist. Following the favorable court
decision, Mylan’s patents regarding Perforomist stand as valid and
enforceable.
In 2012, Mylan settled its patent dispute with Sunovion
Pharmaceuticals Inc., a subsidiary of Japanese pharmaceutical
company, Dainippon Sumitomo Pharma Co., Ltd. pertaining to
Sunovion's Brovana, pending the result of the Federal Circuit
appeal. Sunovion recognized that Brovana infringed two of Mylan’s
patents, which are valid till Jun 22, 2021. Brovana is approved for
controlling the symptoms of COPD, including chronic bronchitis and
emphysema. Both Brovana and Perforomist are long-acting beta-2
agonists.
We note that the Perforomist inhalation solution is marketed by the
Mylan Specialty segment. The drug performed well in the first
quarter of 2013. The most significant product in this segment is
EpiPen auto-injector, which is used to treat severe allergic
reactions.
The bulk of the revenues come from its generic division. The
company’s generics business has been consistently performing well.
Mylan’s generic unit has seen quite a few launches over the past
few months. Important recent launches include the company's generic
version of Valeant Pharmaceuticals' (VRX) Zovirax
ointment. Dr. Reddy's Laboratories Ltd.
(RDY) too has been making multiple generic launches over the past
few months.
Mylan carries a Zacks Rank #3 (Hold). Lannett Company,
Inc. (LCI) appears to be more attractive with a Zacks Rank
#2 (Buy).
LANNETT INC (LCI): Free Stock Analysis Report
MYLAN INC (MYL): Free Stock Analysis Report
DOCTOR REDDYS (RDY): Free Stock Analysis Report
VALEANT PHARMA (VRX): Free Stock Analysis Report
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