Mylan, Teva launch generic versions of Seroquel

AP News
Posted: Mar 28, 2012 8:44 AM
Mylan, Teva launch generic versions of Seroquel

Two drugmakers say they have started selling generic versions of the antipsychotic Seroquel, days after a U.S. court dismissed a bid by British pharmaceutical company AstraZeneca to extend the patent protecting its blockbuster drug.

Canonsburg, Pa.-based Mylan Inc. and Israeli drugmaker Teva Pharmaceutical Industries Ltd. both say they are starting the commercial launch of quetiapine fumarate tablets.

A U.S. court on Friday dismissed AstraZeneca's bid to extend patents on the medication's active ingredient, quetiapine, and on the formula for Seroquel XR, the extended-release version. Astra Zeneca was seeking U.S. protection until December.

The Seroquel brand, AstraZeneca's No. 2 drug behind cholesterol treatment Crestor, accounted for 17 percent of the company's $33.6 billion in sales in 2011. Sales of Seroquel XR were $1.49 billion, 4.4 percent of total revenue.