Patheon Can't Shake Procaps Suit Over $255M Merger

Law360, Los Angeles (January 29, 2014, 8:19 PM EST) -- Pharmaceutical company Patheon Inc. lost a bid to shut down a suit by former joint venture partner Procaps SA on Wednesday, when a Florida federal judge determined Procaps hadn’t been the sole cause of its own entanglement in antitrust issues as a result of a separate $255 million merger by Patheon.

U.S. Magistrate Judge Jonathan Goodman denied Patheon's motion for judgment on the pleadings, ruling that Procaps — which previously agreed to collaborate with Patheon on development of a softgel capsule for pharmaceutical products — had...
To view the full article, register now.