AstraZeneca, Ranbaxy Settle Nexium Patent Dispute

Law360, New York (April 15, 2008, 12:00 AM EDT) -- AstraZeneca has reached a settlement with generics drugmaker Ranbaxy Laboratories Ltd., putting to rest their patent battle over the heartburn treatment Nexium.

Under the settlement agreement, Ranbaxy has agreed that all six patents asserted by AstraZeneca are valid and enforceable. Ranbaxy also concedes that four of the patents would be infringed through the unlicensed sale of the generic product Ranbaxy had proposed.

With a license from AstraZeneca, Ranbaxy's 180-day exclusivity period as the distributor of generic Nexium will begin on May 27, 2014, the day U.S....
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