Aventis, Biovail drop lawsuit
Aventis Pharma's US unit has entered into an agreement with Canada'sBiovail Corp to dismiss a lawsuit pending between the two companies in a District Court in New Jersey. The lawsuit was filed against Aventis in 1998, claiming that the firm (then known as Hoechst Marion Roussel) and Andrx prevented Biovail from marketing a generic version of Cardizem (diltiazem) in the USA and Canada by entering into a deal whereby Aventis paid Andrx to stop the latter marketing its own generic version of the drug (Marketletters passim). Financial details of the settlement were not disclosed.
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