Teva Pharmaceutical Industries Ltd., Israel's most valuable company, whose U.S. operations are based in Chester County, "turned itself into the world's biggest maker of generic medicines through a high-risk strategy of flouting drug patents," writes Bloomberg News.
Targets include AstraZeneca's Pulmicort asthma medicine, Sanofi-Aventis's allergy drugs Allegra-D and Nasacort, and, possibly soon, Eli Lilly's Evista osteoperosis treatment. "Teva... risks paying billions of dollars in legal damages by taking a calculated legal gamble: It begins selling copies while patents on a drug are still being disputed in court... The company has pulled off the maneuver 13 times since 2004, helping double annual revenue to $9.41 billion. The strategy gets cheaper, copycat drugs to patients quicker as governments and employers are demanding relief from record health-care costs."
Story at
http://www.bloomberg.com/apps/news?pid=20601109&sid=aS52SijhbcTQ&refer=exclusive
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