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Axsome, Teva settle litigation over Auvelity

Axsome will grant Teva a license to sell its generic version of Auvelity beginning on or after March 31, 2039, if pediatric exclusivity is granted, or on or after Sept. 30, 2038, if no pediatric exclusivity is granted.
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legal litigation
legal litigation

Axsome Therapeutics has entered into a settlement agreement with Teva resolving all patent litigation related to Axsome’s Auvelity (dextromethorphan HBr – bupropion HCl) product. The litigation resulted from submission by Teva of an Abbreviated New Drug Application to the Food and Drug Administration seeking approval to market a generic version of Auvelity in the United States prior to the expiration of applicable Axsome patents.

Under the terms of the settlement agreement, Axsome will grant Teva a license to sell its generic version of Auvelity beginning on or after March 31, 2039, if pediatric exclusivity is granted for Auvelity, or on or after Sept. 30, 2038, if no pediatric exclusivity is granted, subject to FDA approval and conditions and exceptions customary for agreements of this type. In accordance with the agreement, the parties will terminate all ongoing litigation between Axsome and Teva regarding Auvelity patents pending in the U.S. District Court for the District of New Jersey.

The settlement agreement resolves all outstanding patent litigation relating to Auvelity.   

[Read more: Teva rolls out generic Nexavar tablets]

“Axsome is proud of its commitment to innovating treatments aimed at improving the lives of the millions of patients living with central nervous system disorders. The resolution of this patent litigation underscores the value of that innovation as it relates to Auvelity, and more broadly reflects the strength of Axsome’s intellectual property portfolio,” said Herriot Tabuteau, CEO of Axsome Therapeutics. 

Tabuteau added, “With our industry-leading neuroscience pipeline addressing difficult-to-treat conditions, we look forward to continuing to serve our patient communities through innovation and delivery of differentiated new medicines.”

As required by law, Axsome and Teva will submit the settlement agreement to the U.S. Federal Trade Commission and the U.S. Department of Justice for review.

[Read more: Teva partners with Klinge Biospharma, Formycon for Eylea biosimilar candidate in Europe, Israel]

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