QLT Unit Pays $112.5M To Resolve Drug Dispute

Law360, New York (February 9, 2007, 12:00 AM EST) -- A U.S. unit of Canada’s generic drug maker QLT Inc. has agreed to shell out $112.5 million to settle a patent infringement lawsuit over its prostate cancer drug Eligard.

QLT USA Inc. said Friday the settlement resolves a lawsuit in the U.S. District Court for the Northern District of Illinois brought by TAP Pharmaceutical Products Inc. and co-plaintiffs Takeda Chemical Industries Ltd. and Wako Pure Chemical Industries Ltd. in 2003, alleging that the unit’s Eligard products violated their patent.

The deal will also resolve QLT’s pending...
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