Eli Lilly (NYSE:LLY) Loses Migraine Drug Patent Trial to Teva
10 November 2022 - 02:54PM
TipRanks
Drugmaker Eli Lilly & Co (NYSE:LLY) will have to pay $176.5
million to Teva Pharmaceuticals (NYSE:TEVA) as a Boston federal
court jury ruled that Lilly’s migraine drug Emgality violated three
Teva patents. Notably, Lilly has been accused of violating rights
relating to Teva’s migraine drug, Ajovy. Also, the jury found that
Lilly willingly infringed the patents. As per a Reuters report,
Lilly is not satisfied with the jury’s ruling and strongly believes
that it will "ultimately prevail" in the case. Further, it noted
that the trial result does not affect its ability to offer Emgality
to patients.
https://www.tipranks.com/news/eli-lilly-nyselly-loses-migraine-drug-patent-trial-to-teva?utm_source=advfn.com&utm_medium=referral
Teva Pharmaceutical Indu... (NYSE:TEVA)
Historical Stock Chart
Von Jan 2023 bis Feb 2023
Teva Pharmaceutical Indu... (NYSE:TEVA)
Historical Stock Chart
Von Feb 2022 bis Feb 2023