Law360, New York (April 15, 2011, 1:35 PM ET) -- Wyeth LLC on Thursday struck a licensing deal with generics maker Orchid Chemicals & Pharmaceuticals Ltd. over Effexor XR, resolving a patent dispute in New Jersey over the blockbuster antidepressant and anti-anxiety drug.
Under the settlement, Orchid agreed not to manufacture venlafaxine HCl extended-release capsules — the active ingredient in the drug — until the expiration of three relevant patents, except as permitted by a confidential licensing agreement.
Wyeth and Orchid submitted the deal to Judge Freda L. Wolfson of the U.S. District Court for the...
Wyeth, Orchid Reach Deal In Effexor Patent Fight
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