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Catalyst Pharmaceuticals Notified of Abbreviated New Drug Application Filing for

Key Takeaway: Catalyst Pharmaceuticals has received a Paragraph IV Certification Notice Letter from Teva Pharmaceuticals, which indicates Teva's intent to file for a generic version of FIRDAPSE, a drug owned by Catalyst. This submission presents a challenge as it alleges that Catalyst's patents may not be valid or enforceable. Catalyst has a brief window to respond legally to protect its patents, and it has expressed intentions to vigorously defend its intellectual property rights. The issue could impact the market for FIRDAPSE significantly if Teva's application is approved before the patents expire.

Market Sentiment Analysis

POSITIVE FACTORS

  • Catalyst intends to vigorously enforce its intellectual property rights.
  • FIRDAPSE has already been approved and is commercially available.

CONCERNS & RISKS

  • Teva's ANDA may introduce generic competition before patent expiration.
  • Catalyst faces risks regarding the validity and enforceability of its patents.

Full Press Release Details

Catalyst Pharmaceuticals Notified of Abbreviated New Drug Application Filing for
CORAL GABLES, Fla., January 23, 2023 Catalyst
Pharmaceuticals, Inc. ( Catalyst ) (NASDAQ: CPRX), a commercial-stage biopharmaceutical company focused on in-licensing, developing, and commercializing novel medicines for patients living with rare
diseases, today announced that it has received a Paragraph IV Certification Notice Letter (the Notice Letter ) from Teva Pharmaceuticals, Inc. ( Teva ) advising that Teva had submitted an Abbreviated New Drug Application
( ANDA ) to the U.S. Food and Drug Administration ( FDA ) seeking authorization from the FDA to manufacture, use or sell a generic version of FIRDAPSE in the United
In the Notice Letter, Teva states that it intends to market a generic version of
FIRDAPSE before the expiration of Catalyst s patents listed in the FDA Orange Book covering FIRDAPSE : U.S. Patent Numbers
10,626,088 (expiring February 2037); 10,793,893 (expiring May 2034); 11,060,128 (expiring June 2032); 11,268,128 (expiring June 2032); 11,274,331 (expiring June 2032); and 11,274,332 (expiring June 2032). Teva s Notice Letter states that its
ANDA contains a Paragraph IV Certification alleging that these patents are not valid, not enforceable, and/or will not be infringed by the commercial manufacture, use or sale of the proposed product described in Teva s ANDA submission.
Under the Federal Food, Drug, and Cosmetic Act, as amended by the Drug Price Competition and Patent Term Restoration Act of 1984, as amended, Catalyst has 45
days from receipt of the Notice Letter to commence a patent infringement lawsuit in a federal district court against Teva to trigger a stay precluding FDA from approving Teva s ANDA until May 2026 or entry of judgment holding the patents
invalid, unenforceable, or not infringed, whichever occurs first.
Catalyst is currently assessing the Notice Letter and intends to vigorously enforce its
intellectual property rights relating to FIRDAPSE .
About Catalyst Pharmaceuticals
Catalyst Pharmaceuticals is a commercial-stage biopharmaceutical company focused on in-licensing, developing, and
commercializing novel medicines for patients living with rare diseases. With exceptional patient focus, Catalyst is committed to developing a robust pipeline of cutting-edge,
best-in-class medicines for rare diseases. Catalyst s New Drug Application for
FIRDAPSE (amifampridine) Tablets 10 mg for the treatment of adults with Lambert-Eaton myasthenic syndrome ( LEMS ) was approved in 2018 by the U.S. Food & Drug
Administration and FIRDAPSE is commercially available in the United States as a treatment for adults and children ages six to seventeen with LEMS.
Further, Canada s national healthcare regulatory agency, Health Canada, has approved the use of FIRDAPSE for the treatment of adult patients in Canada with
For more information, visit Catalyst s website at www.catalystpharma.com.
Forward-Looking Statements
This press release contains forward-looking statements. Forward-looking statements involve known and unknown risks and uncertainties, which may cause
Catalyst s actual results in future periods to differ materially from forecasted results. A number of factors, including (i) those risks and uncertainties relating to Catalyst s ability to successfully enforce its intellectual
property rights and to defend its patents, (ii) the possible introduction and timing of generic competition to FIRDAPSE , and (iii) those factors described in Catalyst s Annual
Report on Form 10-K for the fiscal year 2021 and its other filings with the U.S. Securities and Exchange Commission ( SEC ), could adversely affect Catalyst. Copies of Catalyst s
filings with the SEC are available from the SEC, may be found on Catalyst s website, or may be obtained upon request from Catalyst. Catalyst does not undertake any obligation to update the information contained herein, which
speaks only as of this date.
Contact information:
Catalyst Pharmaceuticals, Inc.

Frequently Asked Questions

What is the purpose of Teva's ANDA submission?

Teva submitted an ANDA to seek FDA approval for a generic version of FIRDAPSE.

What patents is Teva challenging in the notice?

Teva's notice challenges several patents related to FIRDAPSE, expiring between 2032 and 2037.

How long does Catalyst have to respond to Teva's notice?

Catalyst has 45 days from the notice to initiate a patent infringement lawsuit.

What is FIRDAPSE used to treat?

FIRDAPSE is approved for treating adults and children with Lambert-Eaton myasthenic syndrome.

Where can I find more information about Catalyst Pharmaceuticals?

More information can be found on Catalyst Pharmaceuticals' website at www.catalystpharma.com.

Last updated: Jan 23, 2023