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AstraZeneca PLC Enters Settlement Agreement In US Patent Infringement Litigation Against Watson Laboratories Inc, Actavis Inc

Monday, 25 Mar 2013 03:00am EDT 

AstraZeneca PLC announced that it has entered into a settlement agreement in its US patent infringement litigation against Watson Laboratories Inc., Actavis Inc. (formerly known as Watson Pharmaceuticals, Inc.), and EGIS Pharmaceuticals regarding Watson's proposed rosuvastatin zinc product. Watson, a successor of Cobalt, also agreed not to further appeal a decision by the U.S. Court of Appeals for the Federal Circuit that upheld the validity and enforceability of the CRESTOR (rosuvastatin calcium) substance patent. Shionogi is also a party to the settlement agreement. Under the agreement, Watson and EGIS concede that the CRESTOR substance patent is valid, enforceable and would be infringed by Watson's rosuvastatin zinc product and its rosuvastatin calcium product. The settlement agreement permits Watson to begin selling its generic version of CRESTOR and its rosuvastatin zinc product beginning May 2, 2016, at a fee to AstraZeneca of 39% of net sales of Watson's products until the end of pediatric exclusivity on July 8, 2016. 

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