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Quotes & Info
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| SNTS > SEC Filings for SNTS > Form 8-K on 6-Sep-2012 | All Recent SEC Filings |
6-Sep-2012
Other Events
Santarus, Inc. ("Santarus") recently announced that the U.S. Court of Appeals for the Federal Circuit reversed in part a lower court decision of invalidity involving certain asserted patent claims covering Zegerid®Capsules and Zegerid Powder for Oral Suspension. The Federal Circuit found that certain claims of asserted U.S. Patent numbers 6,780,882 and 7,399,772, which Par Pharmaceutical, Inc. ("Par") had been found to infringe, were not invalid due to obviousness.
On September 6, 2012, Par announced that it believes that the Federal Circuit erred in its reversal of the District Court, and that Par intends to petition the Federal Circuit for a rehearing by the original panel or en banc on this issue and potentially others. Par stated that it expects the Federal Circuit to grant or deny Par's petition for rehearing during the fourth quarter of 2012 or first quarter of 2013. If the petition for a rehearing is denied or the decision on the rehearing affirms the validity of the claims of the patents-in-suit, the case will be remanded to the District Court for further proceedings pertaining to damages. Par stated that it believes a trial on damages would not likely proceed before the end of 2013.
Par also announced that it has ceased further distribution of its generic omeprazole/sodium bicarbonate 20 mg and 40 mg capsule product pending further developments. Santarus believes it has adequate product inventory to satisfy any increased demand.
As previously announced by Santarus, Santarus intends to aggressively pursue all remedies available to it. Although Par intends to seek a rehearing of the Federal Circuit decision, Santarus does not believe that Par has a meritorious basis upon which to further dispute infringement or validity.
Forward-Looking Statements
Santarus cautions you that statements included in this report that are not a
description of historical facts are forward-looking statements. The inclusion of
forward-looking statements should not be regarded as a representation by
Santarus that any of its plans will be achieved. Actual results may differ
materially from those set forth in this report due to the risks and
uncertainties inherent in Santarus' business, including, without limitation:
Santarus' ability to recover damages or other relief from Par in a timely manner
or at all; the difficulty in predicting the timing and outcome of the further
District Court proceedings and whether Par successfully raises any challenges
concerning infringement or validity through rehearing or further appeal; the
impact of the appellate decision on the additional pending patent litigation
relating to Zegerid and Zegerid OTC®; Santarus' ability to satisfy any increased
product demand; delays relating to the development, testing, manufacturing and
marketing of, and obtaining and maintaining regulatory approvals for, Santarus'
products; and other risks detailed in Santarus' prior public periodic filings
with the Securities and Exchange Commission.
You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. All forward-looking statements are qualified in their entirety by this cautionary statement and Santarus undertakes no obligation to revise or update this report to reflect events or circumstances after the date hereof. This caution is made under the safe harbor provisions of Section 21E of the Private Securities Litigation Reform Act of 1995.
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