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Affymax, Inc. (AFFY) Message Board

  • expstktrader expstktrader Jun 12, 2013 11:30 AM Flag

    Takeda Settlement news with TEVA

    Protonix settlement: Teva (TEVA -1.3%) will pay $1.6B of the $2.15B, half in 2013 and the rest by October 2014, while India's Sun will pay its $550M share this year.

    The settlement follows a legal battle of almost 10 years in which a jury found that Teva and Sun violated the patent by launching generic versions of Protonix prior to the expiry of its patent in 2011.

    The deal also comes after the start of a trial to determine damages.

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