Foamix Pharmaceuticals Ltd. and LEO Pharma A/S settled a patent litigation with Petah Tikva, Israel-based Teva Pharmaceutical Industries Ltd. regarding Finacea foam, a topical treatment for a chronic skin disease.
Foamix did not disclose terms of the settlement agreement, which is is subject to the review of the U.S. Federal Trade Commission and the U.S. Department of Justice.
Foamix granted Ballerup, Denmark-based Leo Pharma a license to market Finacea foam, whose active ingredient is azelaic acid. Finacea treats inflammatory papules, or raised spots, and pimple-like bumps caused by rosacea — a common condition that causes persistent redness over the face and nose.
In April, Rehovot, Israel-based Foamix settled a patent dispute regarding Finacea with Perrigo Co. PLC, a Dublin-based maker of generic drugs. Foamix said it will pursue patent infringement litigation involving Finacea against Taro Pharmaceutical Industries Ltd. and its U.S. unit.