CNNMoney.com
Companies Economy International Corrections Pre-market Trading After-hours Trading Winners/Losers/Actives Bonds Currencies Commodities World Markets Money Magazine Real Estate Taxes Jobs Ask the Expert Money 101 Autos Mutual Funds The Help Desk Loan Center Best Places to Live Ask the Expert Ultimate Guide to Retirement Retirement Calculators Best Funds Best Places to Retire Fortune Brainstorm Tech Apple 2.0 Blog Big Tech Blog Sectors and Stocks Tech Talk Resource Guide Small Business Makeovers Questions & Answers Small Business Video 100 Best Places to Launch FSB 100 Fortune Small Business Fortune 500 Brainstorm Tech Investing Management C-Suite Rankings Main Create Portfolio Edit Portfolio Create Alerts Edit Alerts
Lilly sues Barr over Prozac Weekly
Lilly meets Barr's patent challenge with a lawsuit
By Aaron Smith, CNNMoney.com staff writer

NEW YORK (CNNMoney.com) - Eli Lilly & Co. sued Barr Pharmaceuticals, a maker of generic drugs, for patent infringement over the antidepressant Prozac Weekly, said the companies on Thursday.

Lilly (down $0.47 to $51.19, Research) said its lawsuit was in response to the recent amendmentBarr (down $0.52 to $53.65, Research) made to its application to produce a generic version of Prozac Weekly, a drug produced by Lilly.

Barr originally filed this application in 2001 to the Food and Drug Administration, which has not yet made a decision. Lilly said its Prozac Weekly patent is valid until 2017, and considers Barr's amendment a challenge to its patent.

"They're challenging our patent on validity, and we believe that Barr's challenge to our patent is without merit," said Lilly spokeswoman Terra Fox.

The lawsuit specifically targets Barr Laboratories, a subsidiary of Barr Pharmaceuticals.

Barr said it is the first company to file an application to the FDA to produce a generic version of Prozac Weekly, which uses the compound fluoxetine hydrochloride. Lilly said its patent for Prozac Weekly is separate from the patent for Prozac, which expired in 2001. The patent for Prozac Weekly is specific to the coating that allows the drug to dissolve in the intestine, not the stomach, allowing the effects to last longer, says Lilly.

Lilly's sales for Prozac Weekly totaled $38 million in 2005.

Just days ago, a federal jury ruled that Lilly had infringed the patent of another drugmaker, Ariad Pharmaceuticals (down $0.31 to $5.51, Research), with its drugs Evista and Xigris. Lilly was ordered to pay Ariad $65 million in damages. Critics of the ruling said that Ariad's patent is too broad, covering a drug pathway in the human body that is used by many drugs that are currently on the market. Ariad said it would sell a license to any drug company willing to pay for it, and would supply licenses to academic organizations for free.

Lilly, based in Indianapolis, is a much larger company than Barr. Lilly's sales totaled $3.7 billion in the first quarter. Barr, based in Woodcliff Lake, N.J., reported $327 million for its third quarter for fiscal year 2006, its most recently reported quarterly sales.

To read more about the antidepressant industry, click hereTop of page

YOUR E-MAIL ALERTS
Follow the news that matters to you. Create your own alert to be notified on topics you're interested in.

Or, visit Popular Alerts for suggestions.
Manage alerts | What is this?
© 2009 Cable News Network. A Time Warner Company. All Rights Reserved. Terms under which this service is provided to you. Privacy Policy
Copyright © 2009 BigCharts.com Inc. All rights reserved. Please see our Terms of Use.
MarketWatch, the MarketWatch logo, and BigCharts are registered trademarks of MarketWatch, Inc.
Intraday data provided by Interactive Data Real-Time Services and subject to the Terms of Use.
Intraday data is at least 20-minutes delayed. All times are ET.
Historical, current end-of-day data, and splits data provided by Interactive Data Pricing and Reference Data.
Fundamental data provided by Morningstar, Inc..
SEC Filings data provided by Edgar Online Inc..
Earnings data provided by FactSet CallStreet, LLC.