Auxilium sues Watson on testosterone gel patent

Thu May 24, 2012 6:11pm IST

Related Topics

Stocks

   

(Reuters) - Auxilium Pharmaceuticals Inc sued Watson Pharmaceuticals Inc alleging that it infringed patents related to Auxilium's testosterone gel Testim.

A unit of Watson had filed with U.S. health regulators last month for the approval of a generic version of Testim.

As a result of the lawsuit, regulatory approval of Watson's generic version will be stayed for 30 months, or until the litigation is resolved, Auxilium said.

In its suit, Auxilium alleged that Watson's gel infringed ten patents that are expected to expire between 2023 and 2025.

Auxilium had entered into a co-promotion agreement with a unit of GlaxoSmithKline on Monday to jointly sell Testim.

Shares of Auxilium, which have risen 10 percent since the company entered into the GlaxoSmithKline agreement, closed at $19.23 on Wednesday on the Nasdaq. Watson shares were at $70.71 at close on the New York Stock Exchange on Wednesday.

(Reporting by Adithya Venkatesan in Bangalore; Editing by Sreejiraj Eluvangal)

FILED UNDER:
Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.

  • Most Popular
  • Most Shared

Health Alert

REUTERS SHOWCASE

Fighting AIDS

Fighting AIDS

'Bad' laws hurt sex workers, gays from Uganda to Nepal, AIDS meeting told.  Full Article 

Fitness Hooping

Fitness Hooping

Hoopsters put circus-inspired spin on cardio workout.  Full Article 

Information Vacuum

Information Vacuum

Sierra Leone religious leaders criticise government handling of Ebola.  Full Article 

Who's Responsible?

Who's Responsible?

U.S. CDC says it 'may never know' how bird flu mishap occurred.  Full Article 

HIV in India

HIV in India

Four of every 10 Asians living with HIV are Indian – U.N. report.  Full Article 

U.S. Medicare

U.S. Medicare

U.S. Medicare program scales back hospice drugs restrictions.  Full Article 

Medical Marijuana

Medical Marijuana

Illinois legalizes medical marijuana for children with seizures.  Full Article 

Reuters India Mobile

Reuters India Mobile

Get the latest news on the go. Visit Reuters India on your mobile device.  Full Coverage