Nordion Settles $90M Mad Cow Contamination Suit

Law360, New York (September 23, 2013, 1:52 PM EDT) -- Nordion Inc. on Thursday settled a $90 million lawsuit filed by Bioaxone Biosciences Inc. accusing it of contaminating the development of a spinal cord injury drug with animal products that could cause mad cow disease, leading federal regulators to deny the drug’s approval.

No details about the settlement in Florida federal court were available Monday, but U.S. District Judge Robert N. Scola ordered the case closed based on Bioaxone’s notice of settlement. He said if there was a problem finalizing the settlement, either party could move...
To view the full article, register now.

Documents

Related

Sections

Case Information

Case Title

Bioaxone Biosciences, Inc. v. Nordion (US), Inc. et al


Case Number

0:12-cv-60739

Court

Florida Southern

Nature of Suit

P.I.: Other

Judge

Robert N. Scola, Jr

Date Filed

April 26, 2012

Law Firms

Companies

Government Agencies

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.