Posts Tagged: "wyeth"

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.

Gene Quinn

June 26, 2013

CAFC: Wyeth and Elan Pharma Win A+B Patent Term Adjustment

For those who find math daunting, determining whether the USPTO has correctly calculated patent term adjustment under 35 U.S.C. § 154(b) can create an Excedrin size-headache. Patent term adjustment adds term to the granted patent for any “period of delay” caused by the patent prosecution process which is due to USPTO. The problem is that there can be more than…

Eric Guttag

January 7, 2010