Bristol-Myers' win in U.S. patent case against Gilead boosted to $1.2 billion [Reuters]
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Source: Reuters
Bristol-Myers' win in U.S. patent case against Gilead boosted to $1.2 billion (Reuters) - A federal judge increased to $1.2 billion the damages that Gilead Sciences Inc must pay to Bristol-Myers Squibb Co in a patent infringement case regarding technology for treating cancer. The judgment was entered against Gilead’s Kite Pharma unit on its “counterclaims of non-infringement and invalidity”, according to a ruling by U.S. District Judge Philip Gutierrez. The new total of $1.2 billion includes $778 million awarded by a federal jury in December plus enhanced damages of $389 million and a pre-judgment interest on the jury’s verdict in the amount of $32.8 million, the judge said in his ruling. A jury in Los Angeles had awarded damages in December after finding that Yescarta, a treatment sold by Kite Pharma, infringed on a patent exclusively licensed by Bristol-Myers’ Juno Therapeutics division. The patent at issue in the lawsuit, which Juno licenses from the Memorial Sloan Kettering Cancer
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