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Amgen’s Future Looks Brighter After Ruling Lifts Threat Of Enbrel Copycat

 
• By Sten Stovall

Markets are re-assessing Amgen’s long-term value after a US judge upheld two patents relating to Amgen's blockbuster rheumatoid arthritis drug Enbrel, denying a challenge by Novartis and allowing investors to focus now on the pharma’s promising pipeline.

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US court ruling upheld two patents Underpinning Amgen's blockbuster Enbrel • Source: Shutterstock

Amgen Inc.’s investment sentiment has suddenly improved after a US court ruling found its patents for blockbuster rheumatoid arthritis drug Enbrel (etanercept) valid and enforceable, removing a big cloud that had weighed on the pharma's share price. 

The ruling, issued by US District Judge Claire Cecchi on 9 August, rebuffed claims by Novartis AG’s generics unit Sandoz International GMBH that the patents covering Enbrel

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