Skip to main content. Published: Apr 02, By Mark Terry. The lawsuit alleged that Alaimo stole confidential files using a flash drive before joining Biogen. In that role, Alaimo will necessarily use the confidential and trade secret information to which she was exposed during her time at Novartis to unfairly compete with Novartis.
Why Biogen Shares Soared Today
The suit went on to argue that she breached her fiduciary responsibilities to Novartis by attending high-level executive meetings during the period she was actively being recruited by Biogen. It noted that Franchise Heads have significant amounts of confidential and trade secret information, including product testing and specifications, strategic planning initiatives across franchises, field force statistics, financing and marketing decisions and other valuable and proprietary information.
Alaimo was promoted by Novartis to vice president and U. Head of the Neuroscience Franchise in Inshe transitioned to vice president and U. Head of the Cardiovascular Franchise. She had been with the company since October She joins Biogen at an important time as we work to build upon our MS leadership and define a future focused on bringing forward new therapies for neurologic and neurodegenerative diseases.
Her experience developing new markets for breakthrough therapies, commitment to patients and customer focus, and experience driving complex and dynamic organizations make her an ideal leader to help move Biogen forward.EST on Wednesday after rising as much as Tecfidera ranks as Biogen's top-selling product.A2 error code asus
Japanese drugmaker Sawai Pharmaceutical and its U. The challenges to Tecfidera aren't over yet, though. Biogen is also involved in patent litigation with 22 other drugmakers seeking to develop generic versions of the drug.
Biogen lost in a U. District Court lawsuit against Banner Life Sciences last month and is also scheduled to go to trial with Mylan in a U. District Court this month. Investors will want to closely watch what happens with the remaining court cases related to Biogen's Tecfidera patent. It's definitely encouraging for the company, though, that it won its argument with the PTAB. But the biggest thing to keep your eyes on with any biotech stock is its pipeline progress.
Biogen should soon file for Food and Drug Administration approval of experimental Alzheimer's disease drug aducanumab. Should the company win a green light to market the drug, today's gain could seem small in comparison with how much Biogen stock could skyrocket. Editor's note: A previous version of this article stated that Biogen's lawsuit with Banner Life Sciences was scheduled to go to court in February.
The case actually began in January with Banner winning the lawsuit. The Fool regrets the error. Feb 5, at PM.Neo smart blinds hub
Author Bio Keith began writing for the Fool in and focuses primarily on healthcare investing topics. His background includes serving in management and consulting for the healthcare technology, health insurance, medical device, and pharmacy benefits management industries.Arm library for proteus
Follow keithspeights. Image source: Getty Images. Stock Advisor launched in February of Join Stock Advisor. Related Articles.In the legal profession, information is the key to success. Law provides the intelligence you need to remain an expert and beat the competition. Already a subscriber? Click here to login. Enter your details below and select your area s of interest to stay ahead of the curve and receive Law's daily newsletters.
Make sure you don't miss any Law breaking news. Download our plug-in for Chrome to get customizable, real-time news alerts. The lawsuits, which collectively span almost pages, had been administratively consolidated, apparently because they involve similar allegations Stay ahead of the curve In the legal profession, information is the key to success. Access to case data within articles numbers, filings, courts, nature of suit, and more.
Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc. Create custom alerts for specific article and case topics and so much more! I'm Law's automated support bot. How can I help you today?Mylan had claimed that the active ingredient in Tecfidera,dimethyl fumarate, had been known for years and that the dosage form was predictable.
The U. Patent Trial and Appeal Board ruled that Mylan had failed to prove its case. The statement noted that other abbreviated-new-drug-application filers are also challenging Biogen in Delaware. Real Money.
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Penny Stocks.The companies have agreed to dismiss all pending patent litigation. At Biogen, our mission is clear: we are pioneers in neuroscience. Biogen discovers, develops, and delivers worldwide innovative therapies for people living with serious neurological and neurodegenerative diseases.
Biogen also manufactures and commercializes biosimilars of advanced biologics. We routinely post information that may be important to investors on our website at www. To learn more, please visit www. Drug development and commercialization involve a high degree of risk, and only a small number of research and development programs result in commercialization of a product.
You should not place undue reliance on these statements or the scientific data presented. These statements involve risks and uncertainties that could cause actual results to differ materially from those reflected in such statements, including uncertainty of success in commercialization of IMRALDI, which may be impacted by, among other things, the level of preparedness of healthcare providers to treat patients, difficulties in obtaining or changes in the availability of reimbursement for IMRALDI, the effectiveness of sales and marketing efforts, problems with the manufacturing process for IMRALDI, the occurrence of adverse safety events, failure to obtain regulatory approvals in other jurisdictions, failure to protect intellectual property and other proprietary rights, product liability claims, and third party collaboration risks.
Biogen does not undertake any obligation to publicly update any forward-looking statements, whether as a result of new information, future developments, or otherwise. Biogen Inc. About Biogen At Biogen, our mission is clear: we are pioneers in neuroscience. Contacts Biogen Inc. Log In Sign Up.New Cases Alert. In the legal profession, information is the key to success. Law provides the intelligence you need to remain an expert and beat the competition. Already a subscriber? Click here to login.
Stay ahead of the curve In the legal profession, information is the key to success. Archive of overarticles Database of over 2.There is absolutely no cost to you to submit this form.Hk kalyani open
Doing so places you under no obligations and does not establish an attorney-client relationship. Tysabri, Multiple Sclerosis MS pharmaceutical drug.
Only four months later, Februarythe drug was quickly removed from the market after the FDA received several reports of severe illness and death in patients prescribed Tysabri and Avonex. Last updated October 30 Stay Informed. Posted by Christopher Jones on December 27, Hi, I have relapsing-remitting M.
My neurologist took me off of it when I developed a horrible case of cellulitis in my leg that caused me to be immobilized and in a wheelchair for 2 months. After cellulitis, the skin on my leg still flakes and peels. Posted by Robert Trump on November 8, I am 52I was on tysabri from untilI am jc positive. I was diagnosed with stage 2 seminoma in June of Posted by Chris Weidmann on November 7, After receiving this drug her health declined very rapidly until her death.
Posted by Elden Wear on June 21, I was on Tysabri from till Feb of this year. I was tested for JC virus antibodies on a regular basis. I always tested neg. New stratified test tested pos.
I went off then found out the deck was stacked as the test should have been available much earlier but the company that developed it was bought out by Tysabri manufacturers. This should be a lawsuite for corruption.
Posted by William hackett on November 27, I lost my vision. My vision went from 20x40 to 20x and 20x after the rebound effect when I quit taking it. I need an attorney!
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