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Medicines Co shares rise 12% on US settlement with Teva on Angiomax patents

This article was originally published in Scrip

Executive Summary

Teva Pharmaceutical Industries has settled a US patent infringement lawsuit with The Medicines Company on its anticoagulant Angiomax (bivalirudin for injection), leading to The Medicine Company's shares gaining $1.72 (11.6%) to $16.60. The Medicines Company gains nearly all of its revenues from the one marketed product. The settlement includes a licence to Teva under which Teva can launch generic Angiomax in the US on 30 June 2019. Teva had been seeking to market before certain patents expire in 2028.

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