October 30, 2014 / 1:20 PM / 5 years ago

Teva optimistic U.S. top court to rule in favor of MS drug patent

A sign bearing the logo of Teva Pharmaceutical Industries is seen in its Jerusalem oral solid dosage plant (OSD) December 21, 2011. REUTERS/Ronen Zvulun

TEL AVIV (Reuters) - Teva Pharmaceutical Industries is optimistic the U.S. Supreme Court will decide in its favor regarding patent protection for Copaxone, its multiple sclerosis treatment, Chief Executive Erez Vigodman said on Thursday.

Vigodman said in a conference call with analysts that he expects a decision by late this year or the first quarter of 2015.

The court earlier this month appeared closely divided as it weighed Teva’s high-profile fight with generic drug manufacturers over patent protections for its $4-billion-a-year drug. Israel-based Teva is battling to protect a key patent that is due to expire in September 2015.

Reporting by Tova Cohen; Editing by Steven Scheer

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