Bayer To Pay $74M To Settle Cipro Pay-For-Delay Fight

Law360, New York (July 12, 2013, 7:40 PM EDT) -- Bayer Corp. has agreed to pay $74 million to settle a California consumer class action over its alleged pay-for-delay patent deals for blockbuster antibiotic Cipro, according to documents filed Thursday, in the first such settlement to become public since the U.S. Supreme Court breathed new life into the cases.

The deal would resolve Bayer's part in a long-running antitrust suit that had reached the California Supreme Court over the nearly $400 million Bayer paid out in 1997 to put an end to generic-drug challenges to the...
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