J&J Must Pay Basilea $130M Over License: Dutch Court

Law360, New York (November 29, 2010, 7:27 PM EST) -- A Dutch arbitration tribunal has ordered Johnson & Johnson to shell out $130 million to Basilea Pharmaceutica Ltd. for breaching its license agreement covering the experimental antibiotic ceftobiprole, the Switzerland-based Basilea said Monday.

The Netherlands Arbitration Institute's award covers lost profits, other damages and interest, and is “immediately enforceable,” according to Basilea.

The two companies have sparred for years over ceftobiprole, designed to fight penicillin-resistant Streptococcus pneumoniae and serious skin infections like methicillin-resistant Staphylococcus aureus, the so-called superbug commonly known as MRSA.

Basilea granted Johnson &...
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