Biota, GSK Settle Relenza Marketing Suit For $19.5M

Law360, New York (July 22, 2008, 12:00 AM EDT) -- Australian drug firm Biota will receive $20 million Australian dollars ($19.46 million) from pharmaceutical giant GlaxoSmithKline over allegedly insufficient efforts to market the influenza drug Relenza.

The payout from GSK is about 3% of the maximum $704 million Australian ($685 million) it asked for when Biota first filed the lawsuit in 2004, and will only cover roughly half of the company's legal fees in litigating the case.

Biota sued GSK over four years ago over the limpid 1999 launch of its influenza vaccine, Relenza. The drug...
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.