Aventis Faces Threat Of Generic Competition For Lovenox

Law360, New York (March 15, 2004, 12:00 AM EST) -- A U.S. biotechnology company headed for an initial public offering plans to produce a generic version of Aventis’ anti-blood clotting drug Lovenox.

Momenta Pharmaceuticals Inc., which filed with the Securities and Exchange Commission last week for an initial public offering worth an estimated $86.3 million, revealed in its filing that it expected to seek approval for a generic version of Lovenox in the next 12 months.

The company said it had already partnered the project with Sandoz, the generics arm of Novartis, to make the generic...
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