Biogen And P&U Settle Litigation
US company Biogen's wholly-owned subsidiary Biogen Technologies has agreed to license to Pharmacia & Upjohn certain patent rights to protein secretion technology. The agreement comes from the two firms settling their litigation relating to this technology.
Under the terms of the agreement, P&U has agreed to pay BT royalties of $30 million, plus a percentage of sales of P&U's recombinant human growth hormone product, Genotropin, in North America and Japan.
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