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Topical Patch Update: Change on the Horizon [CHTT, JNJ, Mentholatum]

|Includes: Chattem Inc. (CHTT), JNJ

On 29 May 2009 Mentholatum (Rohto) signed a settlement agreement with LecTec to release it from claims of patent infringement made by LecTec based on the general design of its topical analgesic patches under the Wellpatch brand.  The Federal Court recognized the withdrawal of Mentholatum as a defendant on 5 June 2009.  According to LecTec's 8-K filing the settlement amount was $600,000.  This settlement suggests that LecTec's re-examined patents are sufficient to shake off counterattack...

Read full story at:  www.otcproductnews.com

Disclosure:  No positions