Abbott Coughs Up $23M To Settle Patent Fraud Claims

Law360, New York (January 7, 2010, 5:02 PM EST) -- Abbott Laboratories and French partner Fournier Industrie et Sante have agreed to pay 23 states and the District of Columbia $22.5 million to settle claims that the drug companies blocked generics makers from breaking into the market for cholesterol drug TriCor by filing meritless patent infringement suits.

The settlement — announced Thursday by attorneys general across the U.S. — resolves litigation in the U.S. District Court for the District of Delaware and provides that certain state and local governmental purchasers, including public hospitals and health departments,...
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