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.

October 31, 2024
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