Advertisement
Canada markets closed

  • S&P/TSX

    22,290.62
    +31.15 (+0.14%)
     

  • S&P 500

    5,187.70
    +6.96 (+0.13%)
     

  • DOW

    38,884.26
    +31.99 (+0.08%)
     

  • CAD/USD

    0.7286
    -0.0036 (-0.49%)
     

  • CRUDE OIL

    78.50
    +0.02 (+0.03%)
     

  • Bitcoin CAD

    86,669.09
    +2.04 (+0.00%)
     

  • CMC Crypto 200

    1,307.88
    -57.25 (-4.19%)
     

  • GOLD FUTURES

    2,323.40
    -7.80 (-0.33%)
     

  • RUSSELL 2000

    2,065.88
    +5.21 (+0.25%)
     

  • 10-Yr Bond

    4.4630
    -0.0260 (-0.58%)
     

  • NASDAQ

    16,332.56
    -16.69 (-0.10%)
     

  • VOLATILITY

    13.16
    -0.33 (-2.44%)
     

  • FTSE

    8,313.67
    +100.18 (+1.22%)
     

  • NIKKEI 225

    38,835.10
    +599.03 (+1.57%)
     

  • CAD/EUR

    0.6771
    -0.0021 (-0.31%)
     
MARKETS LIVE BLOG:

STOCKS TRADE HIGHER; DISNEY SINKS AFTER EARNINGS

Fed's Kashkari: Rates will stay high for 'extended period', can't rule out a hike

Merck's Bridion faces generic threat from drugmaker Hikma

Reuters
·1 min read

Feb 26 (Reuters) - Merck has received a letter that Hikma Pharmaceuticals US unit has sought a pre-patent expiry approval from the US FDA to sell a generic version of its Bridion injection, the drugmaker said in filing on Monday.

Merck said, on Feb. 5, it received the letter under the Hatch-Waxman Act, through which a company can seek FDA approval to market a copycat before the expiration of patents related to the brand-name drug.

Merck said in the filing that it is currently considering its options.

Both Merck and Hikma did not immediately respond to Reuters requests for comment.

Bridion, chemically known as sugammadex, is approved to reverse the effects of muscle relaxants used in surgery. The injection has a patent protection through at least Jan. 2026. (Reporting by Sriparna Roy in Bengaluru; Editing by Shailesh Kuber)