Monsanto In $200M Settlement Over Hormone Patents

Law360, New York (February 27, 2006, 12:00 AM EST) -- The Regents of the University of California are walking away with a big win for their intellectual property, with chemical firm Monsanto Co. handing over $100 million to end a patent infringement lawsuit over a hormone for dairy cows.

The settlement was announced barely one year after the school asserted a single patent for bovine somatotropin, sold under the brand name Posilac, against Monsanto in the U.S. District Court for the Northern District of California.

In addition to the sizeable upfront royalty payment, Monsanto will continue...
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