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Teva terminates agreement with Wyeth on generic Protonix
Jerusalem, Israel | Friday, February 1, 2008, 08:00 Hrs  [IST]

As a result of Wyeth's launch of an authorized generic product, Teva Pharmaceutical Industries Ltd has terminated its standstill agreement with Wyeth/Altana regarding additional shipments by Teva of generic Protonix (Pantoprazole Sodium).

In September 2007, the District Court denied a motion filed by Wyeth/Altana for a preliminary injunction related to Teva's Pantoprazole Tablets. In that decision, the Court found that Wyeth/Altana did not meet its burden of proving likelihood of success on the merits. Wyeth/Altana have appealed that decision.

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