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Watson and Elan settle patent infringement lawsuit

Posted on: Mon, 09 Mar 2009 08:05:00 EDT

Symbols: ELN, WPI

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Mar 09, 2009 (Datamonitor via COMTEX) --
WPI | Quote | Chart | News | PowerRating -- US-based Watson Pharmaceuticals has reached a settlement with Ireland-based Elan Corporation on outstanding patent litigation related to Watson's generic version of Naprelan tablets.

Under the terms of the agreement, Watson will pay Elan $18 million in full settlement of all disputes related to Watson's development, manufacturing, marketing and sale of its Naprelan (naproxen sodium) product.

Watson has also agreed not to market or sell its naproxen sodium product until the expiration or final finding of invalidity or unenforceability of US patent number 5,637,320. Other details concerning the settlement have not been disclosed.

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For full details on Elan Corp Plc (ELN) ELN. Elan Corp Plc (ELN) has Short Term PowerRatings at TradingMarkets. Details on Elan Corp Plc (ELN) Short Term PowerRatings is available at This Link.

For full details on Watson Pharmaceuticals (WPI) WPI. Watson Pharmaceuticals (WPI) has Short Term PowerRatings at TradingMarkets. Details on Watson Pharmaceuticals (WPI) Short Term PowerRatings is available at This Link.

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