News Release Detail
Mylan Seeks Immediate Appeal on Fentanyl Ruling
Robert J. Coury, Mylan's Vice Chairman and CEO stated, "We are disappointed with the ruling because we continue to believe, as we said in June, that the FDA acted contrary to several sections of the Food, Drug and Cosmetic Act, the Administrative Procedures Act, FDA's regulations and legal precedent. The ruling also effectively eliminates generic companies' ability to challenge patents nearing expiration.
"In addition, the lower court ruling did not take into account the fact that Mylan has a separate appeal pending before the U.S. Court of Appeals for the Federal Circuit. In that appeal, Mylan seeks to overturn the March 2004 Vermont court ruling that Mylan's ANDA infringes Alza's patent. FDA's actions, and the D.C. district court's ruling, both depend on the Vermont court's order because that order was the sole basis for withdrawing Mylan's final approval. The Federal Circuit appeal, if successful, should provide another avenue to restore Mylan's final approval." Mylan anticipates a hearing on that appeal in October 2004.
A copy of the Court's ruling will be filed with the SEC with a Current Report on Form 8-K today.
Mylan Laboratories Inc. is a leading pharmaceutical company with four subsidiaries, Mylan Pharmaceuticals Inc., Mylan Technologies Inc., UDL Laboratories Inc. and Mylan Bertek Pharmaceuticals Inc., that develop, manufacture and market an extensive line of generic and proprietary products.
This press release includes statements that constitute "forward-looking statements", including with regard to the appeal of the lower court's ruling, the timing of the appellate hearing and the ultimate determination of these matters by the courts. These statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Because such statements inherently involve risks and uncertainties, actual future results may differ materially from those expressed or implied by such forward- looking statements. Factors that could cause or contribute to such differences include, but are not limited to: a ruling by the appellate courts that is adverse to the Company's position; other uncertainties and matters beyond management's control inherent in legal proceedings; and the other risks detailed in the Company's periodic filings with the Securities and Exchange Commission. The Company undertakes no obligation to update these statements for revisions or changes after the date of this release.
SOURCE Mylan Laboratories Inc. -0- 08/18/2004 /CONTACT: Heather Bresch, Public Relations, or Kris King, Investor Relations, of Mylan Laboratories Inc., +1-724-514-1800/ /Web site: http://www.mylan.com / (MYL) CO: Mylan Laboratories Inc.; FDA ST: Pennsylvania IN: HEA MTC SU: LAW KM-DL -- CLW015 -- 6643 08/18/2004 06:30 EDT http://www.prnewswire.com