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Teva Pharmaceutical Industries Ltd and Sun Pharmaceutical Industries Ltd To Pay $2.15 Billion To Settle Pfizer Inc's and Partner Takeda Pharmaceutical Co Ltd's Patent Suit-Reuters

Wednesday, 12 Jun 2013 09:20am EDT 

Reuters reported that Pfizer Inc said Teva Pharmaceuticals Industries Ltd and Sun Pharmaceutical Industries Ltd would pay $2.15 billion to settle a patent infringement lawsuit related to its acid-reflux drug Protonix. Takeda Pharmaceutical Co Ltd, Pfizer's partner on the drug, will receive 36% or about $774 million from the settlement. 

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