Eli Lilly Loses Case Brought By Tiny Biotech Company

Law360, New York (January 9, 2006, 12:00 AM EST) -- Rejecting claims of a contract breach, an Indiana federal judge has ruled against Eli Lilly & Co. in a lawsuit that accused the pharmaceutical giant of stealing technology originally licensed to it by a small biotech company.

U.S. District Court Judge David F. Hamilton denied Lilly’s claim that New York-based Emisphere Technologies broke their agreement in 2004, marking the latest development in a two-year battle waged over technology used to convert injectable-only drugs into ones that can be taken orally.

The latest ruling turned the tables...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.