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NEW YORK (TheStreet) -- Eli Lilly (LLY - Get Report) shares are down 1.87% to $69.27 in early market trading on Friday after a German court ruled against it in a patent case involving its Alimta lung cancer drug.
The court ruled that generic drug maker Actavis (ACT) would not infringe on the company's patent by marketing an alternative salt form of the Alimta, known as pemetrexed, once the drug's compound patent expires at the end of this year.
AND...
A California federal judge declined to invalidate two Genentech Inc. patents covering biotechnology used to make drugs for cancer and autoimmune diseases, ruling Thursday that Eli Lilly and Co.’s arguments that the method was double-patented were unpersuasive.
Lilly sought summary judgment of invalidity for the two patents, called Cabilly II and Cabilly III, held by Genentech and nonprofit City of Hope, claiming the patents were invalid under the doctrine of obviousness-type double-patenting.
The judge found Ellie Silly's assertions utterly ridiculous. So way to go on to back-to-back court losses. Let the "reallocations" accelerate!
The court ruled that generic drug maker Actavis (ACT) would not infringe on the company's patent by marketing an alternative salt form of the Alimta, known as pemetrexed, once the drug's compound patent expires at the end of this year.
AND...
A California federal judge declined to invalidate two Genentech Inc. patents covering biotechnology used to make drugs for cancer and autoimmune diseases, ruling Thursday that Eli Lilly and Co.’s arguments that the method was double-patented were unpersuasive.
Lilly sought summary judgment of invalidity for the two patents, called Cabilly II and Cabilly III, held by Genentech and nonprofit City of Hope, claiming the patents were invalid under the doctrine of obviousness-type double-patenting.
The judge found Ellie Silly's assertions utterly ridiculous. So way to go on to back-to-back court losses. Let the "reallocations" accelerate!