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UPDATE 3-AstraZeneca shares fall on US drug patent defeat

...Industry analysts believe the court ruling invalidating patents on Toprol XL could open the door to generic competitors as early as this quarter, assuming the Food and Drug Administration approves copycat formulations of the medicine.

Deutsche Bank, which acts as broker to the company, said that losing the Toprol XL patent could reduce earnings per share by 10 and 9 percent respectively in 2006 and 2007, although the outlook from 2008 would be unchanged.

Sales of Toprol XL are expected to total around $1.29 billion in 2005, or around 5 percent of the group total.

Dresdner Kleinwort Wasserstein, which believes generic manufacturers could launch their products imminently, said the setback would be taken negatively by investors.

RESULTS IN FOCUS Continued ...

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