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Biotech / Medical : ICOS Corporation

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To: SemiBull who wrote (871)1/23/2002 9:47:02 AM
From: tuck  Read Replies (1) of 1139
 
>>INDIANAPOLIS--(BW HealthWire)--Jan. 23, 2002--Lilly ICOS LLC today announced that the UK Court of Appeal in London upheld a lower court's ruling that found Pfizer's entire ``method of use'' patent for PDE inhibitors to treat erectile dysfunction (ED) was invalid. This decision follows a December 2001 hearing in which Pfizer attempted to reinstate its method of use patent that was struck down by the High Court of Justice in London on November 8, 2000.

Lilly ICOS offered the following statement regarding the decision:

Lilly ICOS is pleased with the Court of Appeal's decision.
This ruling confirms what we have believed all along -- that
Pfizer's broad method of use patent was invalid.

This decision makes it clear that Pfizer is not entitled to

exclusivity in the field of ED in the UK.

This decision is consistent with the decision of the
Opposition Division of the European Patent Office which ruled
last summer that Pfizer's method of use patent was invalid.

This decision leaves unaffected Pfizer's compound patent for

sildenafil.

Lilly ICOS is investigating Cialis(TM) (tadalafil) for the treatment of sexual dysfunction. Requests for marketing approval of Cialis are currently under review by US and European regulatory agencies.

Lilly ICOS LLC is a joint venture between ICOS Corporation (Nasdaq:ICOS - news) and Eli Lilly and Company (NYSE:LLY - news). Eli Lilly and Company, a leading innovation-driven corporation, is developing a growing portfolio of best-in-class pharmaceutical products by applying the latest research from its own worldwide laboratories and from collaborations with eminent scientific organizations. Headquartered in Indianapolis, Ind., Lilly provides answers -- through medicines and information -- for some of the world's most urgent medical needs.<<

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Cheers, Tuck
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