Pharmaceutical Processing World

  • Home
  • Regulatory
    • Recalls
  • Pharmaceutical Processing
  • Facility
  • Supply Chain
  • Equipment and Materials
  • Contract Manufacturing
  • Advertise
  • SUBSCRIBE

Hospira Shares Rise on Patent Decision

By Pharmaceutical Processing | June 19, 2009

NEW YORK (AP) — Shares of Hospira Inc. rose Friday after the company said the U.S. District Court for the District of New Jersey ruled a generic injectable chemotherapy drug does not infringe on Sanofi Aventis’ patent for Eloxatin. The decision, Hospira said, opens the door for the company to put its generic version of the drug on the market. It already has tentative Food and Drug Administration approval and expects full approval shortly. Sanofi-Aventis said it would appeal the court’s decision. The Paris-based drug developer is not modifying its financial outlook as a result of the ruling. Hospira’s stock rose $2.06, or 6 percent, to reach $36.58 in afternoon trading. Shares have traded between $21.21 and $41.22 over the last 52 weeks. Lake Forest, Ill.-based Hospira makes drug delivery systems and devices with a key focus on hospital infusion systems and cancer treatments. The company said Eloxatin had about $1.4 billion in sales in 2008.

Related Articles Read More >

This is a photo of the Fujifilm Diosynth Biotechnologies plant under construction in Holly Springs, North Carolina.
Fujifilm, Regeneron ink $3B U.S. manufacturing agreement
This is the logo of Johnson & Johnson.
J&J breaks ground on $2B manufacturing facility in North Carolina
sherwin-williams-pharma-facility (1)
Sherwin-Williams expands flooring solutions for pharma facilities
PHARMAP 2025: Pharma leaders converge in Berlin for fifth anniversary summit
“ppw
EXPAND YOUR KNOWLEDGE AND STAY CONNECTED
Get the latest news, technologies, and developments in Pharmaceutical Processing.

DeviceTalks Tuesdays

DeviceTalks Tuesdays

MEDTECH 100 INDEX

Medtech 100 logo
Market Summary > Current Price
The MedTech 100 is a financial index calculated using the BIG100 companies covered in Medical Design and Outsourcing.
Pharmaceutical Processing World
  • Subscribe to our E-Newsletter
  • Contact Us
  • About Us
  • R&D World
  • Drug Delivery Business News
  • Drug Discovery & Development
  • DeviceTalks
  • MassDevice
  • Medical Design & Outsourcing
  • MEDICAL TUBING + EXTRUSION
  • Medical Design Sourcing
  • Medtech100 Index
  • R&D 100 Awards

Copyright © 2025 WTWH Media LLC. All Rights Reserved. The material on this site may not be reproduced, distributed, transmitted, cached or otherwise used, except with the prior written permission of WTWH Media
Privacy Policy | Advertising | About Us

Search Pharmaceutical Processing World

  • Home
  • Regulatory
    • Recalls
  • Pharmaceutical Processing
  • Facility
  • Supply Chain
  • Equipment and Materials
  • Contract Manufacturing
  • Advertise
  • SUBSCRIBE