Law360, New York (January 03, 2012, 2:19 PM ET) -- Regeneron Pharmaceuticals Inc. has partially settled its patent litigation in New York against Genentech Inc., securing a licensing agreement in order to market Eylea, a treatment for macular degeneration, the company announced Tuesday.
Under the nonexclusive licensing agreement, Regeneron agreed to pay Roche Group unit Genentech $60 million until May 2016 if sales of Regeneron’s Eylea reached $400 million. Additionally, Regeneron said it had agreed to pay almost 5 percent in royalties if U.S. sales of Eylea were $400 million to $3 billion.
If U.S. sales...
Regeneron Strikes Deal With Genentech To Market Eylea
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