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Shield Therapeutics to continue “robust” defence of IP as Teva appeals Feraccru ruling

The pharmaceutical firm said no date for the appeal hearing had yet been set but it believed the initial EPO decision in its favour would be upheld

Teva is appealing an initial EPO decision in favour of Shield in March

Shield Therapeutics PLC (LON:STX) has said it will continue to “robustly defend” its intellectual property (IP) after receiving notice that Teva Pharmaceutical Industries Ltd had appealed a ruling by the European Patent Office (EPO) regarding STX’s Feraccru iron deficiency treatment.

The news followed an EPO decision in March when it found in favour of Shield in relation to patent #2 668 175, which covers a "Process for preparing an iron hydroxypyrone".

WATCH: Shield Therapeutics accelerating commercial plans ahead of FDA decision

Shield said no date for the appeal hearing had yet been set but it believed the initial EPO decision would be upheld and would update on proceedings as required.

In a note, analysts at Shield’s ‘house’ broker Peel Hunt said appeals of this kind were “typical” of the generics industry and the original decision and breadth of the Feraccru patent provided significant defensibility for the company’s IP.

In early trading on Monday, Shield shares were 7% lower at 106p.

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Quick facts: Shield Therapeutics PLC

Price: 152.9 GBX

Market: LSE
Market Cap: £179.18 m

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