3rd Circ. Lets Mallinckrodt Off Sanofi's Royalty Hook

By Emlyn Cameron (April 25, 2024, 6:51 PM EDT) -- A Third Circuit panel said Thursday that Mallinckrodt PLC's Chapter 11 bankruptcy could sever its obligation to pay Sanofi-Aventis US LLC royalties on sales of an autoimmune disease drug, finding that Sanofi's contract to sell Mallinckrodt the rights to the drug created a claim ripe to be extinguished....

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