Wyeth Settles With J&J Unit Over Effexor Patent

Law360, New York (December 12, 2007, 12:00 AM EST) -- Johnson & Johnson unit Alza Corp. and rival pharmaceutical company Wyeth have settled a patent dispute over a drug-delivery system used in Wyeth’s popular antidepressant Effexor, an Alza representative said Wednesday.

The representative said that the companies would not reveal the terms of the settlement. A Wyeth representative declined to comment and would not confirm that the settlement had taken place.

The parties asked Judge Ron Clark, of the U.S. District Court for the Eastern District of Texas, to dismiss the case with prejudice on Tuesday....
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