Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  Equities  >  Nyse  >  Merck and Company    MRK

MERCK AND COMPANY (MRK)
Mes dernières consult.
Most popular
  Report  
SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsofficial PublicationsSector newsTweets

US Judge Upholds Validity Of Merck's Vytorin Patent

share with twitter share with LinkedIn share with facebook
share via e-mail
0
04/28/2012 | 12:29am CEST

--Judge rules U.S. patent for Vytorin and Zetia is valid and enforceable

--Mylan had challenged patent in bid to sell generic Vytorin and Zetia

--Merck patent due to expire in April 2017

(Adds statement from Merck, additional details.)

 
   By Peter Loftus 
   Of  
 

A federal judge has upheld the validity of a U.S. patent covering Merck & Co.'s (>> Merck & Co., Inc.) cholesterol-lowering drugs Vytorin and Zetia, which could stave off competing generic copies for several years.

In an opinion released Friday, U.S. District Judge Jose Linares in federal court in Newark, N.J., said the patent for was valid and enforceable. The patent covers ezetimibe, an active ingredient in both Zetia and Vytorin.

Merck, based in Whitehouse Station, N.J., said the U.S. patent for Vytorin and Zetia is due to expire in April 2017.

"The court appropriately ruled that the patent for Zetia and Vytorin in the U.S. is valid and enforceable," Bruce N. Kuhlik, executive vice president and general counsel of Merck, said in a press release.

Mylan Inc. (MYL) had applied for U.S. Food and Drug Administration approval to sell generic versions of Vytorin and Zetia before the patent expired, arguing that the patent was invalid and unenforceable.

Merck filed a patent-infringement lawsuit against Mylan in late 2009, seeking to block Mylan's plan to sell generic Vytorin, and in 2010 sued to block Mylan from selling generic Zetia. A trial was held in December 2011, leading to Judge Linares's opinion Friday.

Merck said the court also issued an injunction blocking the approval of Mylan's generic versions until the expiration of the patent.

A Mylan spokeswoman couldn't immediately be reached for comment.

Earlier Friday, Merck reported first-quarter Vytorin sales of $444 million and Zetia sales of $614 million.

Merck previously reached a settlement of patent litigation for Zetia with generics manufacturer Glenmark Pharmaceuticals. The pact will allow Glenmark to sell generic Zetia in December 2016, subject to final regulatory approval.

-By Peter Loftus, Dow Jones Newswires; 215-982-5581; [email protected]

Stocks mentioned in the article : Merck & Co., Inc.
Stocks mentioned in the article
ChangeLast1st jan.
MERCK AND COMPANY 0.66% 60.655 Delayed Quote.7.07%
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on MERCK AND COMPANY
04/23MERCK AND : European Medicines Agency Validates Type II Variation for Merck&rsqu..
BU
04/23MERCK AND : Climbs on Goldman Upgrade
AQ
04/22MERCK AND : Pivotal Phase 3 Study of Merck’s Investigational Beta-Lactamas..
PU
04/20MERCK AND : Advances Clean Energy Goals with Invenergy
AQ
04/20MERCK AND : Announces First Phase Three Studies for PCV-15 its Investigational P..
AQ
04/19MERCK AND : P&G Boasts Better Bottom Line
AQ
04/19MERCK AND : Biothera Pharmaceuticals Presents Translational Data from Ongoing Cl..
AQ
04/19LEAP THERAPEUTICS : Presents Nonclinical and Clinical Data on DKN-01 at AACR 201..
AQ
04/19MERCK AND : AstraZeneca and Merck - Updated Overall Survival Data for LYNPARZA i..
AQ
04/19MERCK AND : KEYTRUDA plus Pemetrexed and Platinum Chemotherapy Reduced the Risk ..
AQ
More news
News from SeekingAlpha
04/23EMA accepts Merck's marketing application for Keytruda for first-line lung ca.. 
04/23CELGENE : Bold Pursuits In Science With 24.66% Discount 
04/23Premarket analyst action - healthcare 
04/23How To Retire At 65 With Only Half A Million 
04/23Does Dicerna's Settlement Agreement With Alnylam Make It A Buy? 
Financials ($)
Sales 2018 41 913 M
EBIT 2018 13 848 M
Net income 2018 8 764 M
Debt 2018 13 776 M
Yield 2018 3,23%
P/E ratio 2018 19,01
P/E ratio 2019 15,75
EV / Sales 2018 4,11x
EV / Sales 2019 3,94x
Capitalization 159 B
Chart MERCK AND COMPANY
Duration : Period :
Merck and Company Technical Analysis Chart | MRK | US58933Y1055 | 4-Traders
Technical analysis trends MERCK AND COMPANY
Short TermMid-TermLong Term
TrendsBullishNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 21
Average target price 68,4 $
Spread / Average Target 14%
EPS Revisions
Managers
NameTitle
Kenneth C. Frazier Chairman, President & Chief Executive Officer
Robert M. Davis CFO & Executive Vice President-Global Services
Clark Golestani Chief Information Officer & Executive VP
Roy D. Baynes Chief Medical Officer
Thomas Henry Glocer Independent Director
Sector and Competitors
1st jan.Capitalization (M$)
MERCK AND COMPANY7.07%158 571
JOHNSON & JOHNSON-9.23%339 783
PFIZER1.13%217 897
NOVARTIS-7.67%204 972
ROCHE HOLDING LTD.-12.52%192 109
AMGEN0.44%114 648