- U.S. Patent Nos. 8,858,996 and 9,161,920 (the '996 and '920 patents) covering Vimovo in the U.S. have been found to be invalid -
Nuvo Pharmaceuticals Inc. (TSX:MRV; OTCQX:MRVFF) d/b/a Miravo Healthcare (Miravo or the Company), a Canadian-focused healthcare company with global reach and a diversified portfolio of commercial products, today announced that the United States District Court for the District of New Jersey has granted Dr. Reddy’s Laboratories Inc.’s (DRL) motion for Summary Judgment, finding the asserted claims of the ‘996 and ‘920 patents invalid. Miravo’s wholly owned subsidiary, Nuvo Pharmaceuticals (Ireland) DAC d/b/a Miravo Healthcare (Miravo Ireland) is evaluating the court’s decision and is assessing its options.
This ruling in the U.S. does not impact Miravo Ireland’s global Vimovo business in markets outside of the U.S. Miravo Ireland will continue to receive royalty payments from its U.S. and global partners under the terms of the license agreements. Miravo Ireland earned a $0.2 million royalty on U.S. net sales of Vimovo during the three months ended September 30, 2021 (the Company’s last reported quarter).
About Miravo Healthcare
Miravo is a Canadian-focused, healthcare company with global reach and a diversified portfolio of commercial products. The Company’s products target several therapeutic areas, including pain, allergy, neurology and dermatology. The Company’s strategy is to in-license and acquire growth-oriented, complementary products for Canadian and international markets. Miravo’s head office is located in Mississauga, Ontario, Canada, the international operations are located in Dublin, Ireland and the Company’s manufacturing facility is located in Varennes, Québec, Canada. The Varennes facility operates in a Good Manufacturing Practices (GMP) environment respecting the U.S., Canada and E.U. GMP regulations and is regularly inspected by Health Canada and the U.S. Food and Drug Administration. For additional information, please visit www.miravohealthcare.com.
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