GeoPharma settles Clarinex litigation with S-P et al
US firm GeoPharma says that it has reached agreement with Schering Corp, Sepracor and the University of Massachusetts (collectively Sepracor) settling all Hatch-Waxman litigation relating to desloratadine (Schering-Plough's branded Clarinex) 5mg tablets, with the company receiving a license under all relevant patents.
The accord provides for potential modification of select terms based on certain events and developments. The specific financial terms and conditions of the deal, which is subject to review by the US Federal Trade Commission and Department of Justice, have not been disclosed.
GeoPharma had earlier filed a Paragraph IV certification to, among others, US patent nos 6,100,274, 7,214,683 and 7,214,684, contesting that these patents were either invalid or had not been infringed upon, which resulted in the subsequent litigation by Schering and Sepracor.
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