Loss of confidence in Saint Mary's leadership

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Loss of confidence in Saint Mary's leadership
Bausch HealthAlvogenGeneric Drug
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A U.S. appeals court affirms decision barring Alvogen from marketing generic version of Bausch's Xifaxan until 2029.

Loss of confidence in Saint Mary's leadership | SaltWire - A U.S. appeals court on Thursday affirmed a decision for Bausch Health that barred rival drugmaker Alvogen from marketing a proposed generic version of Bausch's diarrhea treatment Xifaxan until 2029.

Bausch has said the litigation could affect its plans to spin off its eye-care business Bausch + Lomb. Analysts at Jefferies said on Thursday that the decision removes a"key barrier" for the spinoff. Xifaxan is approved to treat traveler's diarrhea and irritable bowel syndrome and can be used to prevent the liver-related brain disorder hepatic encephalopathy .

Norwich asked the U.S. Court of Appeals for the Federal Circuit to reverse the district court's decision to block its generic based on the infringement, while Salix appealed the decision to invalidate its other patents.

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