| 2007-08-27 00:00 |
Teva gets OK to sell generic of Novartis drug |
Teva gets OK to sell generic of Novartis drug
http://www.dailyrecord.com/ap ps/pbcs.dll/article?AID=20077082503 11
• Teva Pharmaceutical Industries, the world's biggest generic-drug company, received final approval to sell a generic version of Novartis' Famvir, a treatment for genital herpes. Teva said it won't begin selling the medicine until a U.S. judge in Newark rules on a request from Novartis, whose U.S. affiliate is based in East Hanover, to block the generic drug until a patent-infringement trial is held. A hearing is set for Sept. 5.
State
• Fedders Corp., the Liberty Corner-based maker of air conditioners whose North American units filed for bankruptcy Wednesday, won initial court approval for a $79 million loan from a unit of Goldman Sachs Group. The company also won permission Thursday from U.S. Bankruptcy Judge Brendan Linehan Shannon to pay employees while it reorganizes.
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