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Roche To Pay Chiron $78M To Settle Patent Dispute

Law360 (September 12, 2004, 12:00 AM EDT) -- Swiss drug maker F. Hoffmann-La Roche will pay U.S. biotech company Chiron Corp. $78 million to settle a dispute over licensing fees and royalties related to nucleic acid testing methods for HIV.

Under the terms of the settlement agreement, Chiron will receive the lump-sum payment in lieu of royalties after Jan. 1, 2005, and will retain all funds paid to it by Roche while the matter was in dispute, the companies said.

Roche may elect to obtain a partial refund of those payments and revert to...
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