real-time news and commentary for investors
Wednesday, Sep 4
Warner Chilcott settles with Mylan over Doryx patent litigation
- Warner Chilcott says it's entered into a settlement with Mylan (MYL) to resolve damage claims over its Doryx patent.
- As a result, WCRX expects to record an incremental charge in the current quarter of $6M.
- This charge is in addition to the $6M it previously recorded in the quarter ended September 30, 2012, and brings the damage to $12M in total.
- Payment will be made under the $36M bond posted by the company in September 2011 in connection with the initial filing.