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|August 02, 2007 1:53 p.m.|
|Teva Announces Approval Of Generic Protonix® Delayed Release Tablets, 20 Mg And 40 Mg|
Jerusalem, Israel, August 2, 2007 - Teva Pharmaceutical Industries Ltd. (Nasdaq: TEVA) announced today that the U.S. Food and Drug Administration has granted final approval for the Company's Abbreviated New Drug Application (ANDA) to market its generic version of Wyeth's Protonix® (Pantoprazole Sodium) Delayed Release (DR) Tablets, 20 mg and 40 mg. Teva's Pantoprazole Sodium DR Tablets are the AB-rated equivalent of Protonix® DR Tablets, a product indicated for short term treatment of erosive esophagitis associated with GERD, maintenance of healing of erosive esophagitis and for treatment of hypersecretory conditions. The brand product had annual sales of approximately $2.5 billion for the twelve months ended June 30, 2007, based on IMS sales data. As one of the first companies to file an ANDA containing a paragraph IV certification for this product, Teva has been awarded a 180-day period of marketing exclusivity. A patent infringement suit was brought against Teva in May 2004 involving Teva's paragraph IV certification to U.S. Patent No. 4,758,579 related to Teva's Pantoprazole Sodium products. On July 31, 2007, a hearing was held in the U.S. District Court for the District of New Jersey regarding Wyeth's motion for a preliminary injunction in that action. Teva has agreed not to launch its products until the earlier of a denial of the preliminary injunction or September 7, 2007.