Bayer's patent for blood thinner Xarelto invalid, UK court rules [Reuters]
Novartis AG (NVS)
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Source: Reuters
, opens new tab patent covering its best-selling blood thinner Xarelto is invalid, London's High Court ruled on Friday in a blow to the German drugmaker. The company's blockbuster Xarelto drug generated nearly $4.1 billion in revenue in 2023, according to research firm Statista. Bayer's attempts to replace Xarelto were thrown into doubt last year when it aborted a large late-stage trial testing a new anti-clotting drug due to lack of efficacy. Its European patent over once-daily rivaroxaban, with a brand name of Xarelto, has now been declared invalid following legal challenges brought by Sandoz (SDZ.S) New Tab , opens new tab and other rival manufacturers. Judge Richard Hacon said Bayer's patent was invalid because of the lack of an "inventive step" in developing the drug. Friday's decision paves the way for other drug makers to launch generic versions of rivaroxaban, though Bayer said it would be seeking to block such attempts pending any appeal. "We are seeking permis
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NVS
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- 4/23/24 - Beat
NVS
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- 4/23/24 - Form 6-K
- 2/15/24 - Form S-8
- 2/2/24 - Form SC
- NVS's page on the SEC website