Federal court blocks American BioScience 'duplicative' suit against FDA
"We are obviously pleased with the decision. In effect, the Court told ABI, 'Enough is enough!'" said Neil Flanzraich, president and vice chairman of IVAX.
During the month of October, IVAX won several court decisions filed by Bristol-Myers Squibb and ABI. At stake is Taxol's $1.2 billion (1998) stake as the number-one drug in the growing oncology market. Bristol-Myers' Taxol business is itself controversial, since much of the discovery and development work on the drug was conducted at the National Institutes of Health.
For more information, contact Tabitha H. Licea of IVAX Corp. at 305-575-6043.
Edited by Angelo DePalma
Managing Editor, Pharmaceutical Online and Drug Discovery Online
Email: adepalma@vertical.net