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Stock impact report

Bausch Health sues Amneal Pharma over Xifaxan generic [Seeking Alpha]

Bausch Health Companies Inc. (BHC) 
Last bausch health companies inc. earnings: 2/19 06:59 am Check Earnings Report
Company Research Source: Seeking Alpha
In filing a lawsuit in a New Jersey District Court after Amneal ( AMRX ) sought U.S. approval for its product, Bausch Health ( BHC ) alleged that the company has infringed on certain Xifaxan patents listed in the FDA's Orange Book. "Bausch Health remains confident in its XIFAXAN intellectual property, and we will continue to defend our XIFAXAN franchise for the benefit of patients," CEO Thomas Appio noted in a statement late Friday. The lawsuit prevents a potential FDA approval of the product for 30 days. In 2020, Bausch Health ( BHC ) reached agreements with generic drugmakers, including Teva Pharmaceuticals ( TEVA ) and Novartis' ( NVS OTCPK:NVSEF ) spinoff Sandoz ( OTCQX:SDZNY OTCQX:SDZXF ) to settle patent disputes related to Xifaxan. Another legal dispute with privately held generic drugmaker Norwich Pharmaceuticals is ongoing. Recommended For You More Trending News Recommended For You More Trending News Related Stocks Trending Analysis Trending News Show less Read more
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