CAT And Abbott Settle Humira Royalties Dispute
Abbott will pay U.K. biotech company CAT $255 million up front, to be supplemented by five annual payments of $9.375 million beginning in January 2006.
CAT will distribute the $255 million to its licensors, including the Medical Research Council, Scripps Institute, and Stratagene, as payment for the royalties the companies stood to collect. The licensors will...
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