Centocor has reached an agreement to settle the litigation broughtagainst it by PaineWebber R&D Partners II L P, on behalf of Centocor Partners III L P, relating to Centocor's distribution arrangement with Eli Lilly for ReoPro (abciximab).
Centocor is to pay CPIII investors $10.8 million, net of attorney's fees and expenses, an additional $5 million, if and when cumulative worldwide sales of ReoPro exceed $600 million, and possible additional payments totaling $2.2 million, dependent upon regulatory developments in Japan. The agreement also provides for revisions to the ReoPro
royalties payable to CPIII investors.
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