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Gilead, Teva reach settlement in Viread patent lawsuit
February 20, 2013 / 4:31 AM / 5 years ago

Gilead, Teva reach settlement in Viread patent lawsuit

(Reuters) - Gilead Sciences Inc said it has agreed with Israel’s Teva Pharmaceuticals Industries Ltd to settle a lawsuit relating to patents protecting Viread, a treatment for HIV infection and chronic hepatitis B.

A sign bearing the logo of Teva Pharmaceutical Industries is seen in its Jerusalem oral solid dosage plant (OSD) December 21, 2011. REUTERS/Ronen Zvulun

As per the agreement, Gilead said Teva will be allowed to launch a generic version of Viread on December 15, 2017.

“This settlement removes some uncertainty and minimizes further distraction and investment of human and financial resources associated with this litigation,” Gilead’s chief operating officer, John Milligan, said in a statement late on Tuesday.

Gilead, based in California, is the world’s largest maker of branded drugs to treat the human immunodeficiency virus, the cause of AIDS.

The trial in the lawsuit, which was scheduled to begin on February 20 in a Manhattan court, has been adjourned to finalize the settlement, Gilead said.

Reporting by Sakthi Prasad in Bangalore; Editing by Matt Driskill

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