Wyeth Settles Patent Suit Over Generic Effexor

Law360, New York (June 20, 2011, 6:57 PM EDT) -- Pfizer Inc. unit Wyeth LLC on Monday resolved its New York patent infringement lawsuit against Intellipharmaceutics International Inc. over the company’s bid to market a generic version of Wyeth's blockbuster depression and anxiety drug Effexor XR.

U.S. District Judge Laura Taylor Swain signed off on a stipulation of dismissal and a consent judgment disposing of all claims and counterclaims in the suit Wyeth launched in response to Intellipharmaceutics filing for regulatory approval to produce its own version of Effexor.

The settlement is the latest in a...
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