We use cookies on this site to enable your digital experience. By continuing to use this site, you are agreeing to our cookie policy. close

Bayer, Novartis Settle MS Drug Dispute For $200M

Law360 (March 26, 2007, 12:00 AM EDT) -- After years of negotiations, drug makers Bayer AG and Novartis AG finally settled their dispute over multiple sclerosis drug Betaseron on Monday, agreeing to give Bayer full control of the product and to let Novartis launch its own version in 2009.

Betaseron, also known as Interferon beta-1b, is used to treat relapsing forms of multiple sclerosis. It is a big moneymaker for Bayer, drawing €1 billion ($1.3 million) in sales in 2006.

Under the agreement, Bayer will pay around $200 million for the transfer of production...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.