FINWIRES · TerminalLIVE
FINWIRES

Update: Market Chatter: Novartis Wins UK Court Challenge to Entresto Patent

By

(Updates with response from a Novartis spokesperson in the fourth and fifth paragraphs.)

Novartis (NVS) defeated a bid by Accord Healthcare to invalidate its Entresto patent, with a UK court ruling that the patent and a related protection certificate remain valid, Reuters reported on Thursday.

The court also ruled that Accord's planned generic version of Entresto would infringe Novartis' patent, according to the report.

Novartis' European patent for Entresto expired in 2023, while its supplementary protection certificate runs through 2028, with the drug accounting for about 10% of the company's sales, Reuters reported.

In a statement emailed to, Novartis said the company can confirm that Accord Healthcare commenced proceedings against Novartis concerning certain patent rights protecting Entresto (sacubitril/valsartan). The proceedings relate to a supplementary protection certificate (SPC/GB16/025), which protects the combination of sacubitril and valsartan and is based on European Patent (UK) 1 467 728 B1 and the relevant marketing authorizations for Entresto.

The High Court of England and Wales has now issued its judgment, finding that both the patent and the SPC are valid and that Accord's Entresto generic product would infringe the SPC. The decision is appealable. As a matter of policy, Novartis does not comment further on ongoing litigation, Novartis added.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Price: $152.24, Change: $-0.08, Percent Change: -0.05%

Related Articles

Wire

GBM Resources Confirms Continuation of Prospective Gold Host at Queensland Project; Shares Down 5%

GBM Resources (ASX:GBM) confirmed the continuation of the prospective Milled Matrix Breccia host horizon at least 700 meters south of the 309 mineral resource at the Stella prospect, expanding the exploration footprint at the Twin Hills project in Queensland, according to a Thursday filing with the Australian bourse.The company intersected gold mineralization during step-out drilling, with assays returning 8 meters at 1.31 grams per tonne grade of gold from 126 meters, the filing said.Further assays are expected to be released in the next two weeks, per the filing.Shares fell 5% in midday trade Thursday.

ASX:GBM
Wire

Pan American Silver Q2 Adjusted Earnings, Revenue Rise; Shares Drop After Hours

Pan American Silver (PAAS) reported Q2 adjusted earnings late Wednesday of $0.73 per basic share, up from $0.43 a year earlier.Analysts polled by FactSet expected $0.88.Revenue for the quarter ended June 30 rose to $1.12 billion from $812 million a year earlier.Three analysts expected $1.15 billion.The company raised its quarterly dividend to $0.184 a share from $0.18, payable around Sept. 4 to stockholders of record Aug. 24.Pan American Silver shares fell 5.1% in after-hours trading.

$PAAS
Wire

Stantec Q2 Adjusted Earnings, Revenue Rise

Stantec (STN) reported Q2 adjusted earnings late Wednesday of 1.61 Canadian dollars ($1.15) per diluted share, up from CA$1.36 a year earlier.Analysts surveyed by FactSet expected CA$1.58.Net revenue in the three months ended June 30 rose to CA$1.78 billion from CA$1.6 billion a year earlier.Analysts projected CA$1.79 billion.Stantec shares rose 1.3% in after-hours trading.

$STN