Judge Dismisses Biotech Suit Vs. Columbia University

Law360, New York (November 10, 2004, 12:00 AM EST) -- A federal judge in Boston has dismissed a lawsuit against Columbia University that alleged the Ivy League school was improperly trying to extend its rights to a patent that already has generated $600 million in royalty payments from biotech companies.

The ruling came after the school dropped its demands for millions of dollars in further royalties from the biotechnology industry.

"It would be most appropriate to dismiss the requests for declaratory judgment rather than devote a substantial amount of scarce judicial resources to rendering an essentially...
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