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Thursday, October 24, 2019

AbbVie and AstraZeneca settle respective patent suits over rival cancer drugs

AstraZeneca (AZN +5.7%) and AbbVie (ABBV -1.5%) have agreed to settle their tit-for-tat patent infringement complaints related to their respective kinase inhibitors Calquence (acalabrutinib) and Imbruvica (ibrutinib).
AbbVie’s Pharmacyclics unit sued AZN in 2017 shortly after the FDA OK’d Calaquence for mantle cell lymphoma. AZN’s Acerta unit retaliated with a suit of its own. Both claimed that the other’s product infringed on certain of their patents.
Settlement terms remain confidential.
https://seekingalpha.com/news/3509214-abbvie-astrazeneca-settle-respective-patent-suits-rival-cancer-drugs

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