14.05.2008 19:17:00
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Salix Commences Patent Infringement Litigation Against Novel Laboratories
Salix Pharmaceuticals, Ltd. (NASDAQ:SLXP) today announced that Salix
Pharmaceuticals, Inc.; Norgine, B.V. and Norgine Europe, B. V. have
filed a lawsuit in the United States District Court for the District of
New Jersey against Novel Laboratories, Inc. for infringement of Norgine’s
patent protecting MOVIPREP®
(PEG 3350, sodium sulfate, sodium chloride, potassium chloride, sodium
ascorbate and ascorbic acid for oral solution). Norgine licensed
MOVIPREP to Salix for commercialization in the United States.
The lawsuit is in response to an Abbreviated New Drug Application (ANDA)
filed by Novel with the US Food and Drug Administration regarding Novel’s
intent to market a generic version of MOVIPREP in the United States
prior to the September 1, 2024 expiration of U.S. patent #7,169,381.
Salix and Norgine have full confidence in the intellectual property
rights that protect MOVIPREP. Moreover, Salix and Norgine intend to use
all reasonable means at their disposal to continue to vigorously defend
and enforce the intellectual property rights protecting MOVIPREP.
About Norgine
Norgine, headquartered in Amsterdam, The Netherlands, is a
privately-owned, European specialty pharmaceutical company, developing
and marketing pharmaceutical products in the therapeutic areas of
gastroenterology, hepatology and pain management. Norgine is a leader in
this sector in Europe, with a balanced sales presence across all major
EU markets. The company has over 1,000 employees and sales in 2007 were
approximately $350 million.
About Salix
Salix Pharmaceuticals, Ltd., headquartered in Raleigh, North Carolina,
develops and markets prescription pharmaceutical products for the
treatment of gastrointestinal diseases. Salix’s
strategy is to in-license late-stage or marketed proprietary therapeutic
drugs, complete any required development and regulatory submission of
these products, and market them through the Company’s
gastroenterology specialty sales and marketing team.
Salix trades on the Nasdaq Global Select Market under the ticker symbol "SLXP.”
For more information please visit our web site at www.salix.com
. Information on our web site is not incorporated in our SEC filings.
Please Note: The materials provided herein contain projections and
other forward-looking statements regarding future events. Such
statements are just predictions and are subject to risks and
uncertainties that could cause the actual events or results to differ
materially. These risks and uncertainties include, among others:
the possible impairment of, or inability to obtain, intellectual
property rights and the costs of obtaining such rights from third
parties; generic and other competition; our need to return to
profitability; the high cost and uncertainty of the research,
clinical trials and other development activities involving
pharmaceutical products; the unpredictability of the duration and
results of regulatory review of New Drug Applications and
Investigational NDAs; market acceptance for approved products and the
need to acquire new products. The reader is referred to the
documents that the Company files from time to time with the Securities
and Exchange Commission.
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