Teva Drops Patent Suit Against Taro Over Heart Drug

Law360, New York (January 9, 2008, 12:00 AM EST) -- Teva Pharmaceutical Industries Ltd. has dropped a patent infringement lawsuit against Taro Pharmaceuticals Industries Ltd. over congestive heart drug failure treatment carvedilol.

Teva filed a notice on Monday in the U.S. District Court for the Southern District of New York to dismiss the suit against Taro and its U.S. affiliate without prejudice.

The suit was filed in June 2007, but Taro was never formally served. The deadline to serve the complaint was continually pushed back while the drug companies engaged in settlement negotiations. Terms of the...
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