Lilly Reaches Settlement on Cialis Patent

Posted: Updated:
Lilly plans to present trial results at scientific meetings and publications this year and in 2016. Lilly plans to present trial results at scientific meetings and publications this year and in 2016.
INDIANAPOLIS -

Indianapolis-based Eli Lilly and Co. (NYSE: LLY) says it has reached a settlement agreement with generic drug companies regarding the unit dose patent for Cialis. Under the terms of the agreement, Lilly's patent, which had been set to expire in April 2020, will now expire at the earliest in September 2018.

The settlement was reached in an effort to resolve litigation in the U.S. District Court for the Eastern District for Virginia. 

"The unit dose patent for Cialis is valid and infringed by companies seeking to market a generic version of Cialis. This is a royalty-bearing license agreement that provides us with more certainty regarding our U.S. exclusivity," said Michael Harrington, senior vice president and general counsel for Lilly. "Protection of intellectual property and the assurance of market exclusivity are extremely important to Lilly as we work to support the development of the next generation of innovative medicines."

Additionally, Lilly says its patent for Adcirca, which is used to treat pulmonary arterial hypertension, is expected to expire on November 21 of this year or May 21, 2018, if the U.S. Food and Drug Administration grants the company's application for pediatric exclusivity. 

  • Perspectives

    • The Power of Partnerships

      You can't go it alone in tech. All technology companies, regardless of their segment, live in an ecosystem comprised of organisms of varying complexity. More mature companies in established categories can function at the top of the food chain, consuming smaller companies through acquisition, but startups are seldom if ever in a position to gain dominance through acquisition. It’s vital for the success of a startup to be able to play well with others...

    More

Subscribe

Name:
Company Name:
Email:
Confirm Email:
HTML
INside Edge
Morning Briefing
BigWigs & New Gigs
Life Sciences Indiana
Indiana Connections
INPower
Subscribe
Unsubscribe

Events



  • Most Popular Stories

    • Liberty Mutual Plans 400 New Carmel Jobs

      Boston-based Liberty Mutual Group Inc. is planning to add up to 400 Carmel jobs as part of a $14 million expansion plan. The insurance company has a global presence and currently employs 1,430 in central Indiana. The Indiana Economic Development Corp. says the new jobs, expected to be created by 2021, will pay more than the state and Hamilton County average wages. Plans call for Liberty Mutual to lease...

    • Indiana Included Among 'Least Tax-Friendly States'

      A personal finance magazine has ranked Indiana among the 10 least tax-friendly states in the country for retirees. The ranking is part of Kiplinger’s Personal Finance's 2017 Retiree Tax Map, which compares all 50 states on senior tax breaks, as well as taxes on income, property, everyday purchases and estates.

    • Schools Recognized Among Best For Military Students

      Two Indiana schools are ranked among the best colleges for veteran, active-duty and military dependent students. The Military Times Best: Colleges 2018 rankings are determined by a survey that assesses the veteran and military student services and rates of academic achievement of more than 600 colleges throughout the country.

    • Vote on North River Property Deal Delayed

      The Fort Wayne City Council has delayed a vote on whether to purchase a 29-acre property near the city's downtown. Our partners at WPTA-TV report some members of the council are concerned about the more than $4 million deal, as the city will not know the results of an environmental study until after the transaction is complete. The city has called the property, which served as the site of a former OmniSource scrap yard, as an "important gateway to downtown."

    • Purdue Startup Scores Federal Funding

      The National Science Foundation has awarded a $750,000 grant to a Purdue University-based tech startup. The university says the funding will help Perceive Inc., which is located at the Anvil coworking space on the West Lafayette campus, further develop its automated customer service coaching software.