Biogen Inc. (BIIB) announced that the European Commission has revoked the centralized marketing authorizations for generic versions of Biogen’s product TECFIDERA held by Accord, Mylan, Neuraxpharm, Polpharma and Teva (TEVA). In reaching this decision, the European Commission affirmed that Biogen is entitled to full data protection and marketing protection for TECFIDERA. Biogen welcomes the actions of the European Commission, which confirm the laws governing data exclusivity and marketing protection. Those laws are essential to protecting innovation. TECFIDERA is entitled to marketing protection until February 3, 2025, and is the only dimethyl fumarate treatment for multiple sclerosis that may be lawfully placed on the market for sale in the EU until that date. Biogen has initiated legal action to defend its market protection rights. Biogen has sufficient supply of TECFIDERA to supply the entire European market.
Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See today’s best-performing stocks on TipRanks >>
Read More on BIIB:
- Centralized Marketing Authorizations of Generic Versions of TECFIDERA® are Revoked by the European Commission
- CHMP Issues Positive Opinion for Biogen’s SKYCLARYS® (omaveloxolone), the First Therapy to Treat Friedreich’s Ataxia, a Rare Neurodegenerative Disease
- Biogen reports CHMP issues positive opinion for SKYCLARYS
- Biogen (NASDAQ:BIIB) Rolls out Another New Treatment
- NeuroSense reports statistically significant efficacy in Phase 2b ALS Trial
