Yes! It is true!
An appeals court ruling on Friday means Teva Pharmaceutical Industries Ltd. (NYSE:TEVA) will lose exclusivity for multiple sclerosis (MS) drug Copaxone glatiramer acetate on May 24, 2014, more than a year sooner than the company had previously expected. The U.S. Court of Appeals for the Federal Circuit invalidated a process patent held by Teva covering Copaxone that was set to expire on Sept. 1, 2015. Teva, which recorded U.S. Copaxone sales of $806 million in 1Q13 and $2.9 billion in 2012, said it plans to appeal the ruling.
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