GSK Handed $106M Verdict For Paxil Generic Contract Breach

Law360, New York (March 26, 2014, 5:57 PM EDT) -- A New Jersey federal jury on Tuesday slapped GlaxoSmithKline LLC with a $106.7 million verdict for allegedly breaching an exclusive contract with Mylan Inc. by allowing Apotex Inc. to sell generic versions of its antidepressant Paxil as part of an antitrust settlement.

Following a nine-day trial, the jury found that GSK breached a 2007 agreement granting Mylan an exclusive right to market and sell paroxetine hydrochloride, the generic name for Paxil, when it allowed Apotex to sell generics of the drug in 2010.

The jury found...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.