Endo To Pay $23M To Settle Patent Suit Over Patch

Law360, New York (November 11, 2009, 6:24 PM EST) -- Endo Pharmaceuticals Inc. announced Wednesday that it would pay patent-holding company LecTec Corp. $23 million to settle a suit that accused the drugmaker of infringing two patents related to adhesive patches.

Chadds Ford, Pa.-based Endo said it would make the one-time payment in exchange for an exclusive license on the two patents, which it plans to use in the field of prescription pain medicines and treatment.

“We are pleased to add these patents to our IP inventory, especially as they relate to Lidoderm,” said Caroline Manogue,...
To view the full article, register now.