Royalty Pharma GC Says Law Limits Overcharge Payback
Law360, London (April 19, 2021, 10:11 PM BST) -- Royalty Pharma's general counsel testified Monday in the licensing company's €23 million ($27.6 million) unpaid royalties suit against Boehringer Ingelheim that the drugmaker waited too long to counterclaim for some overcharged fees from the deal.
George Lloyd, general counsel of Royalty Pharma group, testified remotely at the High Court trial about a licensing deal that originated between Boehringer and another biopharmaceutical company that Royalty Pharma Collection Trust acquired in 2011.
The license is linked to DPP-IV inhibitors, such as linagliptin, used for the treatment of Type II diabetes.
Lloyd testified that under the licensing deal, Boehringer's manufacture of linagliptin in Germany...
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