Tuesday, July 07, 2009

Centocor v. Abbott: Biggest Patent Verdict Ever

The week before last a Texas jury apparently awarded the largest damages for patent infringement in history.
"Abbott Laboratories must pay $1.67 billion to Centocor, a subsidiary of Johnson & Johnson, because its Humira arthritis treatment infringes U.S. Patent No. 7,070,775. The patent was developed at New York University and licensed exclusively to Centocor, which makes a medicine called Remicade that competes with Humira."

No comments: