trending Market Intelligence /marketintelligence/en/news-insights/trending/u0HaJTeY35eQFtmUVVPq2Q2 content esgSubNav
In This List

Novo Nordisk, Teva settle patent lawsuit involving diabetes drug's copycat

Blog

Gauging Supply Chain Risk In Volatile Times

Blog

Insight Weekly: Banks' efficiency push; vacuuming carbon; Big Pharma diversity goals

Blog

The Future of Risk Management Digitization in Credit Risk Management

Blog

Climate Credit Analytics: Diving into the model


Novo Nordisk, Teva settle patent lawsuit involving diabetes drug's copycat

Novo Nordisk A/S said it settled a patent lawsuit against Teva Pharmaceutical Industries Ltd., which was looking to a launch a generic version of diabetes drug Victoza in the U.S.

Under the deal, the Danish drugmaker gave Israel-based generic-medicine maker Teva a license to launch a generic version of Victoza on Dec. 22, 2023.

Teva can launch the copycat earlier in certain cases, but not before March 22, 2023. It may launch its medicine sooner if Victoza's patents are declared invalid or a rival generic version of the drug enters the market.

The agreement, whose terms are confidential, is subject to review by the U.S. Federal Trade Commission and the U.S. Department of Justice.

Novo Nordisk's Victoza, also known as liraglutide, generated 2018 sales of 24.33 billion Danish kroner.

As of March 15, US$1 was equivalent to 6.59 Danish kroner, according to S&P Global Market Intelligence.