European Commission fines Teva Pharmaceutical $500m for patent misuse regarding Copaxone.

The European Commission has fined Teva Pharmaceutical Industries $500 million for misusing the patent system to extend protections for its multiple sclerosis drug, Copaxone. Teva is accused of disparaging rival Synthon, the only other company with a similar drug in Europe, by spreading misinformation that could have hindered competition and prevented cost savings. Teva plans to appeal the decision, asserting it disagrees with the Commission's claims.

5 months ago
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