Web Toolbar by Wibiya
Login | Sign Up AnonymousUser
twiter
New to Comunitee?


or Sign Up with Email

Health

>> PFIZER Latest News

JUN 12, 2013 - Yahoo! News

A Must Read - Share

Pfizer settles patent lawsuit with Teva, Sun Pharma for $2.15 billion

(Reuters) - Pfizer Inc said it reached a $2.15 billion settlement with Teva Pharmaceuticals Industries Ltd and Sun Pharmaceutical Industries Ltd related to patent infringement on its acid-reflux drug Protonix. Japan's Takeda Pharmaceutical Co Ltd, Pfizer's partner, will receive 36 percent or about $774 million from the settlement. Israel-based Teva will pay $800 million in 2013 and the remaining $800 million by October 2014. India's Sun Pharma will make its entire payment of $550 million in 2013. (Reporting by Pallavi Ail in Bangalore,)

Tags: Pfizer settles patent lawsuit with Teva, Sun Pharma for $2.15 billion,  Pfizer Latest News