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AstraZeneca Wins Bar on Generic Pulmicort

Anglo-Swedish drugmaker AstraZeneca said on Thursday it had been granted a temporary U.S. court order suspending sales of a generic version of its asthma drug Pulmicort by rival Teva.

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AP

Under the ruling, AstraZeneca and partner Par Pharmaceuticals will also suspend sales of their generic version of Pulmicort.

The restraining order remains in force until further order of the court. A preliminary injunction hearing is scheduled for Nov. 25 with a full court case due to start on Jan. 12.

AstraZeneca warned on Wednesday its full-year earnings would be at the lower end of its previously stated range as a result of the launch of generic Pulmicort, hammering its shares.