Posts Tagged: "Altana Pharma"

Largest Patent Settlement Scores $2.15 Billion for Pfizer, Takeda

The settlement comes after a nearly 10-year legal battle in which Pfizer and Nycomed (now part of Takeda) sought to enforce the patent for its blockbuster acid reflux medicine. Pfizer subsidiary Wyeth and Takeda will divide the proceeds of the settlement with Pfizer receiving $1.376 billion and Takeda receiving $774 million. Collectively, this $2.15 billion patent infringement settlement is the largest patent settlement in history, dwarfing the $1.7 settlement achieved by Johnson & Johnson in 2010 and the $1.35 billion settlement achieved by hall-of-fame inventor Dr. Gary Michelson against Medtronic in 2005.