September 8, 2017 / 4:42 PM / 2 years ago

BRIEF-Allergan and Saint Regis Mohawk Tribe announce agreements regarding RESTASIS patents

Sept 8 (Reuters) - Allergan Plc

* Allergan and Saint Regis Mohawk Tribe announce agreements regarding restasis® patents

* Says ‍under terms of agreement, Tribe will receive $13.75 million upon execution of agreement​

* Says ‍tribe will be eligible to receive $15 million in annual royalties​

* Says ‍tribe is filing motion to dismiss ongoing inter partes review of restasis patents based on “their sovereign immunity from ipr challenges”​

* Says ‍agreement with tribe has no impact on pending anda patent litigations regarding restasis patent family which completed 5-day trial in court

* Says ‍CO, Saint Regis Mohawk tribe announced tribe now owns all orange book-listed patents for restasis (cyclosporine ophthalmic emulsion) 0.05%​

* Says Allergan has been granted exclusive licenses in patents related to product​ Source text for Eikon: Further company coverage:

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