WASHINGTON, April 17 Teva Pharmaceutical Industries Ltd on Thursday told the U.S. Supreme Court that it is willing to post up to a $500 million bond in return for a decision suspending a lower court ruling that would allow generic competitors to go on the market as soon as next month.
Teva already had asked the court for a stay of the July 2013 ruling by the U.S. Court of Appeals for the Federal Circuit that invalidated some of its patents for the top-selling multiple sclerosis drug, Copaxone. The case was won by two teams developing generic versions of the drug: one involving Novartis AG's Sandoz Inc and Momenta Pharmaceuticals Inc, and the other involving Mylan In c and Natco Pharma Ltd.
The Supreme Court has yet to respond to Teva's application. (Reporting by Lawrence Hurley; Editing by Howard Goller)
Illinois governor vetoes Chicago pension fix, angers city's mayor
CHICAGO, March 24 Illinois Governor Bruce Rauner on Friday vetoed a legislative fix favored by Chicago Mayor Rahm Emanuel for two of the city’s struggling pension funds and castigated it as a “kick-the-can approach.”