PHARMACY

Cobalt, Meda reach settlement on Astelin patent

BY Alaric DeArment

STOCKHOLM, Sweden Cobalt Pharmaceuticals and Meda Pharmaceuticals have settled a patent infringement lawsuit regarding Cobalt’s generic version of the nasal spray Astelin, Meda announced Monday.

The spray, known generically as azelastine hydrochloride, is used for treating rhinitis and protected by a patent that expires in November 2010, with the patent for use in children extending until May 2011.

Meda filed the suit against Cobalt after Cobalt filed for approval from the Food and Drug Administration to market a generic version of Astelin in July 2007. Under the settlement, Cobalt admitted that it infringed Meda’s patent, but Meda will allow Cobalt to launch a generic version of Astelin as early as Aug. 28, 2010 under a license from Meda, whereby Cobalt will pay 32.5 percent of net sales to Meda until Feb. 1, 2011.

Meda will submit the settlement to the Federal Trade Commission for review, as the law requires.

“With this settlement agreement, Meda has no further patent litigations pending in the U.S. for Astelin,” Meda chief executive officer Anders Lonner said.

keyboard_arrow_downCOMMENTS

Leave a Reply

No comments found

TRENDING STORIES

Polls

Which area of the industry do you think Amazon's entry would shake up the most?
PHARMACY

AARP Web site offers users health information tools

BY Alaric DeArment

WASHINGTON Users of AARP’s Web site now have access to health tools that provide consumers with health information, AARP announced Thursday.

The tools are designed to help users understand health symptoms and conditions, as well as find doctors and hospitals.

“Online tools like this truly empower those who may be seeking health information for themselves and family caregivers to more easily navigate today’s healthcare options,” said Nataki Clark, AARP’s director of online marketing. “Consumers can take advantage of these resources in order to maintain their independence as they age and live the most vibrant lives possible.”

keyboard_arrow_downCOMMENTS

Leave a Reply

No comments found

TRENDING STORIES

Polls

Which area of the industry do you think Amazon's entry would shake up the most?
PHARMACY

Kmart signs on with eRx Network for its claims services

BY Alaric DeArment

FORT WORTH, Texas Kmart Pharmacy has selected eRx Network as its business partner for claims switching, editing and reporting services, eRx announced Friday.

The company provides its services to more than 40,000 retail pharmacies across the country and has provided retail pharmacies with claims management services since 2001.

“We are very pleased to expand our partnership with Kmart Pharmacy,” eRx President and chief executive officer Murray Lyle said. “We are committed to providing our customers with industry leading support, expertise and technology offerings to enable their pharmacies to focus on patient care.”

keyboard_arrow_downCOMMENTS

Leave a Reply

No comments found

TRENDING STORIES

Polls

Which area of the industry do you think Amazon's entry would shake up the most?