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Allergan Drug Suit Dismissed

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From Bloomberg News

Allergan Inc.’s suit to block rival Alcon Laboratories Inc. from selling a generic version of its Alphagan glaucoma treatment was dismissed by a federal judge.

Allergan said it plans to file an expedited appeal. The suit concerns patents relating to a brimonidine tartrate solution.

Alphagan accounted for about 15% of Irvine-based Allergan’s sales in 2000 and 2001, according to filings with the Securities and Exchange Commission. The company reported $1.75 billion in sales last year.

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“This order does not end the litigation,” said Douglas S. Ingram, Allergan’s general counsel. “This ruling is, in Allergan’s opinion, inconsistent with applicable federal statutes.”

Alcon, a unit of Swiss food maker Nestle, earlier this week persuaded U.S. District Judge David O. Carter in Santa Ana to dismiss the 5-month-old suit.

Allergan shares fell $2.96 to $61.05 on the New York Stock Exchange.

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