Stock Market News
GSK's ViiV claims Gilead Sciences infringed on its patents
ViiV Healthcare, the global specialist HIV company majority-owned by GlaxoSmithKline, with Pfizer and Shionogi as shareholders, announced on Thursday that it has filed patent infringement litigation against Gilead Sciences over bictegravir in the United States and Canada.
The company said the United States case is filed in the US District Court for the District of Delaware and the patent was US patent number 8,129,385, while he Canadian case was filed in the Canadian Federal Court in Toronto with the patent being Canadian Patent number 2,606,282.
It said it would seek to prove that Gilead Sciences' triple combination HIV drug, containing the HIV integrase inhibitor bictegravir, was infringing on ViiV Healthcare's patent covering dolutegravir and "many other compounds" that included dolutegravir's unique chemical scaffold.
"Intellectual property protections are critical for the life-sciences industry, allowing companies to make a return on their investment, which in turn enables research-based companies to put new funding into research and development," ViiV Healthcare explained in a statement.
"It is this cycle which continues to result in the development of new and much needed treatments for people living with HIV.
"ViiV Healthcare will therefore seek financial redress for patent infringement."
The company said the United States case is filed in the US District Court for the District of Delaware and the patent was US patent number 8,129,385, while he Canadian case was filed in the Canadian Federal Court in Toronto with the patent being Canadian Patent number 2,606,282.
It said it would seek to prove that Gilead Sciences' triple combination HIV drug, containing the HIV integrase inhibitor bictegravir, was infringing on ViiV Healthcare's patent covering dolutegravir and "many other compounds" that included dolutegravir's unique chemical scaffold.
"Intellectual property protections are critical for the life-sciences industry, allowing companies to make a return on their investment, which in turn enables research-based companies to put new funding into research and development," ViiV Healthcare explained in a statement.
"It is this cycle which continues to result in the development of new and much needed treatments for people living with HIV.
"ViiV Healthcare will therefore seek financial redress for patent infringement."
Related share prices |
---|
GlaxoSmithKline (GSK) share price |
Stock News headlines are gathered from financial news sources around the web. Views and opinions on each item are from their respective authors and website. They are not opinions of LiveCharts.co.uk
Get a free widget for your website with our latest headlines.
You can now add our live prices and new headlines to your website.The news widget features quotes for Oil prices, spot Gold price and Indices plus a choice of news channel for healines.
Top Shares pages
- Share price quotes
- Share charts
- Share watch list
- Company Results Calendar
- Top Large UK Shares
- UK Market Sectors
- Stock market news
- Company news
- Share tips
- A-Z company search
More share features
POPULAR Share Prices
- Royal Mail share price
- Lloyds share price
- HSBC share price
- Barclays share price
- Prudential share price
- Santander share price
- NEXT share price
- Diageo share price
- BP share price
- Vodafone share price
- British Airways
- Centrica share price
- Tesco share price
- Taylor Wimpey Share Price
- National Grid
- GKP Share Price
- Marks and Spencer
- Rolls Royce
- Rio Tinto
- THG Share Price
- Aviva Share Price
- Boil Share price
- Easyjet Share Price
- Genedrive Share Price
- SSE Share Price
- IAG Share Price
- Boohoo share price
- HE1 share price
- AVCT share price
- BOOM share price