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Bayer Throws In Towel In Viral Patent Dispute

Law360 (June 23, 2006, 12:00 AM EDT) -- Seeking to bury the hatchet, drug maker Bayer Healthcare LLC has agreed to shell out $5 million to settle a patent dispute with blood test maker Gen-Probe Inc. over methods for detecting viruses using nucleic acid probes.

The two companies announced the rapprochement on Thursday, putting to end a heated back-and-forth between Gen-Probe and Bayer that began nearly two and a half years ago.

“We are pleased to have concluded our legal disputes with Bayer, and to gain additional revenue that will enable us to invest...
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