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Technology Stocks : adtrngm

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To: KevRupert who started this subject9/6/2000 8:38:45 PM
From: KevRupert   of 38
 
IVAX Legal Info:

By Tara Murphy
Staff Reporter
9/6/00 7:20 PM ET

URL: thestreet.com

IVAX(IVX:AMEX) said that a California federal judge rendered a decision that could have the company marketing a generic form of Bristol-Myers Squibb's(BMY:NYSE) cancer treatment Taxol very soon. In August, the Food and Drug Administration gave IVAX tentative approval to sell its drug paclitaxel, providing that IVAX settle a patent dispute that it had with Bristol Myers and BioScience, which holds a patent for the dosage forms of paclitaxel.

Judge William Byrne ordered Bristol Myers to register ABI's patent in the FDA's Orange Book, which contains patents for
drugs that are already on the market. Usually, an Orange Book listing prevents the FDA from approving generic drug rivals for up to 30 months, allowing patent disputes to be processed in the judicial system. According to an IVAX spokesperson, Judge Byrne threw out his earlier decision, saying that he didn't have jurisdiction over the matter and ordered that the ABI patent be taken out of the Orange Book.
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