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Intellectual Property

Sep. 24, 2014

Irell helps secure $100 million drug patent deal

Irell & Manella LLP has helped a pharmaceutical client secure a $100 million drug patent settlement after seven years of litigation in Delaware.


By Kevin Lee


Daily Journal Staff Writer


A seven-year drug patent fight has resulted in a $100 million settlement for North Carolina-based Salix Pharmaceuticals Inc. and the curators of the University of Missouri, after the litigants announced a settlement Monday with New Jersey-based Par Pharmaceutical Companies Inc.


The deal marks a favorable turnaround for Salix and the university, which were asserting patents related to the Zegerid heartbur...

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